Minnesota Governor Tim Pawlenty has signed a bill allowing Duluth to create a special fund with the State Board of Investment for the exclusive purpose of financing the city's retiree health care.
The new fund must still be approved by the City Council.
"I'm grateful to our legislative delegation for all their hard work in getting this bill passed, and pleased that Gov. Pawlenty has seen fit to sign it so quickly," Mayor Herb Bergson said in a news release. "We have a bill that will reduce the retiree health-care liability by a third, and it is a very important piece in the puzzle toward solving this problem."
