4E Requiring the public employees retirement association (PERA) to administer an account representing the irrevocable fund established by the city of Duluth to fund and pay for postemployment benefits owed to retired employees; providing for account maintenance, investment, management and termination of account; providing for the status of the irrevocable fund; authorizing the state board of investment upon request of the city to invest the funds or assets of the community investment fund to generate revenue to meet certain city obligations; requiring city council approval; establishing intent and purpose; preventing the establishment of a precedent
(Ch. 14, 20007)