He tells CHSJ News the baby-boom generation is galloping towards retirement and low interest rates are leading to much lower return rates.
He says you will also find the same pension woes with the federal government and the private sector.
He says there will most likely be reforms in how pensions are handled in 2 to 5 years.
Meanwhile, the city is proposing to get rid of indexing to the cost of living in the latest revision to its pension plan.
