TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017
Note 9. Pension Obligations (continued)
A. Public Employees' Retirement System (PERS) (continued)
Deferred Outflows of ResourcesDeferred Inflows of Resources
Differences between Expected and Actual Experience$ 546,393$ -
Changes of Assumptions4,674,9724,657,833
Net Difference between Projected and Actual Earnings on Pension Plan Investments158,009-
Changes in Proportion and Differences between Township Contributions and Proportionate Share of Contributions1,106,515195,263
$ 6,485,889$ 4,853,096
The Township will amortize the above sources of deferred outflows and inflows related to PERS over the following number of years:
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