Buried in the two-year budget deal emerging from the Senate Wednesday is language creating a bipartisan commission to address the impending insolvency of collectively bargained multiemployer pension plans and the government agency that insures them.
The budget creates a joint select committee on multiemployer pensions, including six members from the Senate and six from the House. Each cohort will be split evenly among Republicans and Democrats.
The commission is tasked with reporting a bill by the last week of November.
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