{ "document_id": 11945, "page": 63, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 12056, "item_count": 21, "counts_by_type": { "caption": 1, "footer": 1, "heading": 2, "table": 2, "table_cell": 10, "text": 4, "title": 1 }, "build_ms": 4, "items": [ { "id": "p63.1", "order": 1, "type": "title", "bbox": { "l": 188.4, "t": 756.96, "r": 423.6, "b": 718.08 }, "text": "TOWNSHIP OF JACKSON\nNOTES TO FINANCIAL STATEMENTS\nFOR THE YEAR ENDED DECEMBER 31, 2019", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p63.2", "order": 2, "type": "heading", "bbox": { "l": 69.12, "t": 705.12, "r": 266.16, "b": 692.16 }, "text": "Note 9. Pension Obligations (continued):", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p63.3", "order": 3, "type": "heading", "bbox": { "l": 68.64, "t": 678.96, "r": 375.12, "b": 666 }, "text": "B. Police and Firemen's Retirement System (PFRS) (continued):", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p63.4", "order": 4, "type": "text", "bbox": { "l": 68.4, "t": 653.76, "r": 541.92, "b": 627.84 }, "text": "The following is a summary of the deferred outflows of resources and deferred inflows of resources related to PFRS that will be recognized in future periods:" }, { "id": "p63.5", "order": 5, "type": "caption", "bbox": { "l": 233.52, "t": 614.16, "r": 297.84, "b": 600.96 }, "text": "Year Ending", "attrs": { "block_label": "figure_title" } }, { "id": "p63.6", "order": 6, "type": "table", "bbox": { "l": 238.56, "t": 605.52, "r": 384.72, "b": 462.72 }, "text": "", "attrs": { "block_label": "table", "n_rows": 3, "n_cols": 2, "integrity": { "cells_checked": 5, "cells_flagged": 0 } }, "children": [ { "id": "p63.6.1", "order": 7, "type": "table_cell", "bbox": { "l": 247.497988, "t": 596.525556, "r": 284.80982, "b": 586.403076 }, "text": "Dec 31,", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p63.6.2", "order": 8, "type": "table_cell", "bbox": { "l": 323.94, "t": 596.521838, "r": 362.958762, "b": 586.399358 }, "text": "Amount", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p63.6.3", "order": 9, "type": "table_cell", "bbox": { "l": 255.72, "t": 569.761838, "r": 277.122972, "b": 496.632543 }, "text": "2020\n2021\n2022\n2023\n2024", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p63.6.4", "order": 10, "type": "table_cell", "bbox": { "l": 332.941166, "t": 569.761838, "r": 381.686507, "b": 496.632543 }, "text": "$ (2,205,965)\n(2,815,033)\n(2,536,989)\n(1,318,128)\n(499,632)", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p63.6.5", "order": 11, "type": "table_cell", "bbox": { "l": 238.56, "t": 483.12, "r": 311.64, "b": 462.72 }, "text": "", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p63.6.6", "order": 12, "type": "table_cell", "bbox": { "l": 332.936668, "t": 476.758741, "r": 381.682009, "b": 466.636261 }, "text": "$ (9,375,747)", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p63.7", "order": 13, "type": "text", "bbox": { "l": 68.64, "t": 448.56, "r": 542.4, "b": 318.96 }, "text": "Special Funding Situation – Under N.J.S.A. 43:16A-15, local participating employers are responsible for their own contributions based on actuarially determined amounts, except where legislation was passed which legally obligated the State if certain circumstances occurred. The legislation which legally obligates the state is as follows: Chapter 8, P.L. 2000, Chapter 318, P.L. 2001, Chapter 86, P.L. 2001, Chapter 511, P.L., 1991, Chapter 109, P.L. 1979, Chapter 247, P.L. 1993 and Chapter 201, P.L. 2001. The amounts contributed on behalf of the local participating employers under this legislation is considered to be a special funding situation as defined by GASB Statement No. 68 and the State is treated as a non-employer contributing entity. Since the local participating employers do not contribute under this legislation directly to the plan (except for employer specific financed amounts), there is no net pension liability to report in the financial statements of the local participating employers related to this legislation." }, { "id": "p63.8", "order": 14, "type": "text", "bbox": { "l": 68.16, "t": 307.68, "r": 543.36, "b": 167.04 }, "text": "Additionally, the State’s proportionate share of the PFRS net pension liability attributable to the Township is $5,704,391 as of December 31, 2019. The net pension liability was measured as of June 30, 2019. The total pension liability used to calculate the net pension liability was determined using update procedures to roll forward the total pension liability from an actuarial valuation as of July 1, 2018, to the measurement date of June 30, 2019. The State’s proportion of the net pension liability associated with the Township was based on a projection of the Township’s long-term share of contributions to the pension plan relative to the projected contributions of all participating members, actuarially determined. The State’s proportion measured as of June 30, 2019 was 0.2952010415%, which was an increase of 0.0087942867% from its proportion measured as of June 30, 2018, which is the same proportion as the Township’s. At December 31, 2019, the Township’s and the State of New Jersey’s proportionate share of the PFRS net pension liability were as follows:" }, { "id": "p63.9", "order": 15, "type": "table", "bbox": { "l": 158.16, "t": 155.76, "r": 454.32, "b": 99.12 }, "text": "", "attrs": { "block_label": "table", "n_rows": 2, "n_cols": 2, "integrity": { "cells_checked": 4, "cells_flagged": 0 } }, "children": [ { "id": "p63.9.1", "order": 16, "type": "table_cell", "bbox": { "l": 161.22, "t": 151.573798, "r": 375.699685, "b": 142.779628 }, "text": "Township's Proportionate Share of Net Pension Liability", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p63.9.2", "order": 17, "type": "table_cell", "bbox": { "l": 407.238087, "t": 151.573798, "r": 447.940736, "b": 142.779628 }, "text": "$ 36,126,169", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p63.9.3", "order": 18, "type": "table_cell", "bbox": { "l": 161.22, "t": 127.44845799999996, "r": 384.746779, "b": 106.89941399999998 }, "text": "State of New Jersey's Proportionate Share of Net Pension Liability Associated with the Township", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p63.9.4", "order": 19, "type": "table_cell", "bbox": { "l": 411.797268, "t": 115.69358399999999, "r": 447.93976, "b": 106.89941399999998 }, "text": "5,704,391", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p63.10", "order": 20, "type": "text", "bbox": { "l": 389.76, "t": 120.24, "r": 454.8, "b": 78.24 }, "text": "5,704,391\n$41,830,560" }, { "id": "p63.11", "order": 21, "type": "footer", "bbox": { "l": 300, "t": 21.36, "r": 312, "b": 11.52 }, "text": "55", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }