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Moose Lake council approves $200,000 checking transfer and adds Roth IRA option for employees
Summary
Council approved a $200,000 transfer into a new city checking account and added an employee Roth IRA through MSRS at no cost to the city; both actions passed by recorded 4–0 votes.
The Moose Lake City Council on July 10 approved two financial actions: a $200,000 transfer into a new city checking account and the addition of a Roth IRA option for city employees through the Minnesota State Retirement System (MSRS) at no additional cost to the city.
Finance Director Ryan McKeon requested the $200,000 transfer into the new checking account; Councilor Doug Juntunen moved approval and Councilor Walt Lower III seconded. The recorded vote on the transfer listed Yes – Sarvela, Juntunen, Huso, Lower (4–0).
McKeon also recommended offering a Roth IRA through MSRS as an employee benefit with no cost to the city. Councilor Kris Huso moved to add the MSRS Roth IRA to the employee package; Councilor Lower seconded and the motion passed with a recorded vote of Yes – Sarvela, Juntunen, Huso, Lower (4–0).
The meeting record does not specify operational details such as enrollment procedures or effective date for the Roth option; staff follow-up was not listed in the minutes.
