TOWNSHIP OF JACKSON
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2019
Note 9. Pension Obligations (continued):
A. Public Employees' Retirement System (PERS) (continued):
| Deferred Outflow of Resources | Deferred Inflow of Resources |
|---|
| Differences between Expected and Actual Experience | | |
|---|
| Year of Pension Plan Deferral: | | |
|---|
| June 30, 2014 | - | - |
|---|
| June 30, 2015 | 5.72 | - |
|---|
| June 30, 2016 | 5.57 | - |
|---|
| June 30, 2017 | 5.48 | - |
|---|
| June 30, 2018 | 5.63 | - |
|---|
| June 30, 2019 | 5.21 | - |
|---|
| Changes of Assumptions | | |
|---|
| Year of Pension Plan Deferral: | | |
|---|
| June 30, 2014 | 6.44 | - |
|---|
| June 30, 2015 | 5.72 | - |
|---|
| June 30, 2016 | 5.57 | - |
|---|
| June 30, 2017 | - | 5.48 |
|---|
| June 30, 2018 | - | 5.63 |
|---|
| June 30, 2019 | - | 5.21 |
|---|
| Net Difference between Projected and Actual Earnings on Pension Plan Investments | | |
|---|
| Year of Pension Plan Deferral: | | |
|---|
| June 30, 2014 | - | 5.00 |
|---|
| June 30, 2015 | - | 5.00 |
|---|
| June 30, 2016 | 5.00 | - |
|---|
| June 30, 2017 | 5.00 | - |
|---|
| June 30, 2018 | 5.00 | - |
|---|
| June 30, 2019 | 5.00 | - |
|---|
| Changes in Proportion and Differences between Contributions and Proportionate Share of Contributions Year of Pension Plan Deferral: | | |
|---|
| June 30, 2014 | 6.44 | 6.44 |
|---|
| June 30, 2015 | 5.72 | 5.72 |
|---|
| June 30, 2016 | 5.57 | 5.57 |
|---|
| June 30, 2017 | 5.48 | 5.48 |
|---|
| June 30, 2018 | 5.63 | 5.63 |
|---|
| June 30, 2019 | 5.21 | 5.21 |
|---|
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