CHiPs For Kids: Come drop off a new, unwrapped toy to the Citadel Outlets from 11a-6p! | Holiday Toy Drive Drop-Off Locations | Photo Gallery

Pension Benefits To Be Scaled Back For Newport Beach Lifeguards

NEWPORT BEACH (AP) — Officials in one of California’s most prominent beach cities are expected to vote on a new contract with fulltime lifeguards that would scale back pension benefits in the aftermath of public outcry over their compensation.

Newport Beach lifeguards now can retire at age 50 with 30 years of service and receive 90 percent of salary.

If the new contract is approved Tuesday night by the City Council, new hires would have a pension worth up to 50 percent less.

The guards would also increase the amount they pay toward their pensions, from 3.5 percent to 9 percent.

The lifeguards came under fire last month after budget negotiations revealed most earned more than $100,000 a year in total compensation.

The contract would trade pension cuts in exchange for saving jobs.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. Karen says:

    Not good enough. NO ONE I KNOW who works in the private sector even gets 50% of their pay when they retire. In fact, who even gets pensions anymore BUT state employees?

  2. ES says:

    And the band continues to play…

  3. Audrey says:

    Thank the mexicans for that.

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Los Angeles

KNX 1070 Newsradio
Play.It

Listen Live