SAINT JOHN, N.B. – Saint John’s pension plan may be in worse shape than anyone had thought, which may mean more trouble ahead in paying for city services.

Mayor Mel Norton calls it devastating.

“This is the type of situation that can cause tremendous issues in the way we deliver our services. This deficit is the most serious problem this community has ever faced.”

Mayor Norton says with the stock market not doing well, the deficit may very well be in excess of $200-million.