(Bloomberg) -- Newport Beach, California, where four ranking lifeguards earned more than the towns $109,677 median household income in 2012, may partially disband its municipal ocean rescue to deal with rising pension costs.
The Orange County city of 87,000, with a median home value of $1.5 million according to Zillow.com, is weighing bids from other governments and private companies for lifeguard services at Corona del Mar State Beach, which the municipality patrols, according to bid documents.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access