Key additions to the revised plan include suspensions to cost-of-living increases to both current and retired employees. They would be on hold until the plan becomes more profitable.
Another key change is overtime will no longer be pensionable.
The city's first reform package was turned down by the province and this one will also need provincial approval.
If reforms are not made, the tax rate could jump by as much as 12 to 15 cents.
The city is facing a 131 million dollar deficit that could balloon to as high as 163 million by the end of the year.
Council will meet in chambers at six o'clock.
