Santa Cruz cops to contribute more to pensions

SANTA CRUZ, Calif.

The officers have also agreed to cut their retirement plan as part of a two-year contract extension that will save the city $3 million through July 2013.

The San Jose Mercury News reports the police officers association overwhelming ratified the agreement with the City Council.

Officers have been paying 9 percent of their salaries toward pension. The new agreement also calls for new officers to be eligible for retirement at 55. Current officers can retire at 50.

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