Nice Package? Lifeguard Pensions To Be Scaled Back
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.