{"id":48589,"date":"2025-07-30T22:35:12","date_gmt":"2025-07-30T22:35:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/48589\/"},"modified":"2025-07-30T22:35:12","modified_gmt":"2025-07-30T22:35:12","slug":"n-j-watchdog-says-local-lifeguard-pensions-which-have-34m-deficit-should-be-scrapped","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/48589\/","title":{"rendered":"N.J. watchdog says local lifeguard pensions – which have $34M deficit – should be scrapped"},"content":{"rendered":"

\"OceanA lifeguard watches swimmers in Ocean City, N.J. in this 2020 file photo.Noah K. Murray | For NJ Advance<\/p>\n

Six Jersey Shore towns collectively carry a deficit worth tens of millions of dollars in their lifeguard<\/a> pension system, according to a state watchdog\u2019s report that suggests the system has become unmanageable and flawed.<\/p>\n

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 \u201cfourth-class\u201d 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\u2019s report.<\/p>\n

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