Natural Resources Wales: Environment body's pension fears
25 February 2013 Last updated at 19:49 GMT
An investigation by BBC Wales has found that a new environment organisation, being set up by the Welsh government, could face a pensions deficit of around £50m.
On 1 April Natural Resources Wales will be launched.
But, its IT system isn't ready, and its pension debt is larger than first thought.
But the Welsh government says there is still an economic case for setting up the new body.
BBC Wales' Environment Correspondent Iolo ap Dafydd reports.