Common Councillor Susan Fullerton says there is still too much financial uncertainty about how this will play out over the long term. Fullerton is pessimistic whether the shared risk model is sustainable over the long term even though she concedes it will reduce costs in the short term .
The President of the Saint John Firefighters Association Paul Stackhouse concedes there was very little choice about what to do in the face of ever rising yearly pension payments.
Saint John Police Association President Jamie Hachey estimates, if nothing was done, the pension payments could have risen to 40 million dollars a year.
