Calling it the most serious challenge facing the city since the Great Fire left Saint John in ruins, Common Councillor Susan Fullerton wants to get professional advice to assess the recommendation coming from the Pension Task Force.
It’s recommending the city move to a shared risk model which would reduce the deficit from 345.5 million dollars to 161 million.
Fullerton is also asking a vote on which way to go not take place until two weeks after getting this independent assessment.
The pension options will be presented tonight.
Councillors will also have to vote on whether to raise water rates next year by 7.4 per cent.
