A lifeguard watches swimmers in Ocean City, N.J. in this 2020 file photo.Noah K. Murray | For NJ Advance
Six Jersey Shore towns collectively carry a deficit worth tens of millions of dollars in their lifeguard pension system, according to a state watchdog’s report that suggests the system has become unmanageable and flawed.
The report, published by the New Jersey Office of the State Comptroller, examined pensions required under a 1928 Lifeguard Pension Fund law mandating these funds for “fourth-class” cities, which are classified as those bordering the Atlantic Ocean. An amendment the following year made those funds accessible to spouses and minor children, according to the Comptroller’s report.
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