The City of Peru provides a wide variety of benefits. The following is a list of benefits at a glance that apply to non-union employees and most union employees.
IPBC Benefit Guide (Medical, Prescriptions, Dental, Vision, Life Insurance)
The City of Peru employees have the option to enroll in Medical, Prescription, Dental, Vision and Life Insurance plans under the IPBC umbrella.
About IPBC
The Intergovernmental Personnel Benefit Cooperative (IPBC) is an intergovernmental agency created under Illinois statutes, which allows units of local government to band together for the purposes of insurance and is open to municipalities, counties, special districts and intergovernmental agencies. The IPBC was established in 1979 and as of July 1, 2022 has over 150 members spread across the state of Illinois.
Purpose
The purpose of the IPBC is to provide economies of scale and risk pooling that will allow members more financial stability than offered by the commercial insurance market in a fully transparent environment. The members retain the right within the IPBC to create and change their plan design, which is often required due to the nature of bargained contracts. Members also operate as part of a larger Board of Directors to control the finances within the pool.
2023 IPBC Benefit GuideFlexible Spending Accounts (FSA’s)