HF 163

THIRD ENGROSSMENT

Duluth postemployment benefits accounts authorized to pay benefits to retired employees and to generate revenue dedicated to meet certain city obligations, analysis and report required, and money appropriated.

Section 1: Duluth funds or assets account for investment established.

Section 2: Duluth postemployment benefits account established.

Section 3: Intent and purpose; No precedent language provided.

Section 4: Additional rate of return analysis; annual report by state board of investment language provided.

JAJ 3/7/7