Orange County lifeguards set to take benefits cuts
After the findings of a report on the earnings of Newport Beach, California's lifeguards last month, the city council is slated to approve a scaled-down benefits plan, according to the Daily Pilot.
The report found that nine of the 10 lifeguards on the city's payroll made more than $100,000 in 2010, with the top two racking up more than $200,000 in earnings, according to the Orange County Register.
The new contract would establish a lower pension plan for new lifeguards, and require current employees to contribute more to their retirement costs, the Daily Pilot reports. Specifically, the guards' current contract makes them eligible for a pension worth up to 90 percent of their largest paycheck at age 50. The new contract would reduce the value of their pensions by up to half. A total of 9 percent of their salary would go toward their pensions - an increase of 5.5 percent on what they currently pay.
Although lifeguards' wages were the subject of recent criticism, the OC Weekly points out that the city's 44 police patrol officers make a minimum of $150,000 in salary and benefits.
The report found that nine of the 10 lifeguards on the city's payroll made more than $100,000 in 2010, with the top two racking up more than $200,000 in earnings, according to the Orange County Register.
The new contract would establish a lower pension plan for new lifeguards, and require current employees to contribute more to their retirement costs, the Daily Pilot reports. Specifically, the guards' current contract makes them eligible for a pension worth up to 90 percent of their largest paycheck at age 50. The new contract would reduce the value of their pensions by up to half. A total of 9 percent of their salary would go toward their pensions - an increase of 5.5 percent on what they currently pay.
Although lifeguards' wages were the subject of recent criticism, the OC Weekly points out that the city's 44 police patrol officers make a minimum of $150,000 in salary and benefits.
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