The City of Santa Monica this year will make separate payments to 28 retired employees whose pensions were so large they exceeded IRS limits, an analysis of pension data by The Lookout found.

In fact, Santa Monica had more retirees whose pensions exceeded the federal limit than any other city in the state, according to data obtained from the State pension fund under the Public Records Act.

Read More: http://surfsantamonica.com/ssm_site/the_lookout/news/News-2019/September-2019/09_13_2019_Santa_Monica_Tops_List_of_California_Cities_with_Biggest_Pensions.html