Newport Beach union’s misguided lawsuit
The Newport Beach police union has filed suit against the city on behalf of three police officers who say the city owes them a higher pension benefit even though state law had subsequently allowed new pension formulas. The lawsuit not only is misguided, but highlights how difficult it is for localities to get their soaring pension costs under control.
The issue centers on the generous “3 percent at 50” retirement benefit, which had enabled police officers to retire at age 50 with 90
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