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Long Beach bonds to cover separation payments
Photo credit: T.C. McCarthy
Long Beach will issue $5.65 million in bonds to pay for separation payments incurred over the past year.
The city issued 16 early retirement buyouts in May and June and laid off 23 employees in July. Sixteen other workers either retired or were terminated between December and March, officials said.
The payments to the 55 employees total just under $5.64 million, city officials said.
“This...
