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Nice Package? Lifeguard Pensions To Be Scaled Back
Photo by DaveReichert via LAist Featured Photos pool on Flickr
Bowing to pressure from city leaders, Newport Beach lifeguards have agreed to a "scaled-down" pension benefits agreement, according to the Daily Pilot. Newport paid approximately $500,000 toward 14 full-time lifeguards' pension plans In 2010.
The City Council on Tuesday is slated to approve a new contract with the full-time lifeguards that would establish a lower pension plan for new employees, and would require current guards to contribute more to their retirement costs. Newport is one of the coastal California cities clawing back lifeguard pension benefits. As local governments grapple with mounting retirement bills, officials have looked to the guards' generous "public safety" pensions as one place to trim.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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