multiemployer pensions

Pricey pension rescue headed to House floor next week
Bill would provide financial lifelines to union pension plans

House Ways and Means Chairman Richard Neal, D-Mass., confirmed the pensions bill is ready for a floor vote. (Bill Clark/CQ Roll Call file photo)

House Democrats will bring a $64.4 billion measure that would provide financial lifelines to union pension plans to the floor next week.

House Majority Leader Steny H. Hoyer and House Ways and Means Chairman Richard E. Neal, the bill’s author, on Tuesday confirmed the schedule for the legislation, which has gone through the Ways and Means as well as Education and Labor panels.