Chicago billionaire and businessman Lester Crown is among the 32 members of a new commission introduced Friday by Mayor Richard M. Daley to find ways to solve the city’s pension shortfalls.

Called the “Commission to Strengthen Chicago’s Pension Funds,” the group of business, labor and city leaders will conduct an analysis of pension funds for Chicago’s fire, police, laborers and municipal employees and make recommendations within 18 months on how to reach and maintain higher funding levels.