WOND News

Report: Five Atlantic County Municipalities Underfunded On Lifeguard Pensions

Five Atlantic County municipalities have underfunded their lifeguard pension plans and face deficits of more than $34 million, the Office of the State Comptroller announced this week. According to BreakingAC.com, Atlantic City, Brigantine, Longport, Margate and Ventnor are named along with Sea Isle City. Under a 1928 law, a “fourth-class” city, identified as one that borders the Atlantic Ocean and has a population less than 50,000, is required to provide a pension plan for their lifeguards. The OSC is recommending the Legislature amend the law to eliminate pensions for new guards and renegotiate with current guards in the system.

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