TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019

Note 9. Pension Obligations (continued):

B. Police and Firemen's Retirement System (PFRS) (continued):

Deferred Outflow of ResourcesDeferred Inflow of Resources
Differences between Expected and Actual Experience
Year of Pension Plan Deferral:
June 30, 2014--
June 30, 2015-5.53
June 30, 2016-5.58
June 30, 20175.59-
June 30, 20185.73-
June 30, 2019-5.92
Changes of Assumptions
Year of Pension Plan Deferral:
June 30, 20146.17-
June 30, 20155.53-
June 30, 20165.58-
June 30, 2017-5.59
June 30, 2018-5.73
June 30, 2019-5.92
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, 20165.00-
June 30, 20175.00-
June 30, 20185.00-
June 30, 2019-5.00
Changes in Proportion and Differences between Contributions and Proportionate Share of Contributions Year of Pension Plan Deferral:
June 30, 20146.176.17
June 30, 20155.535.53
June 30, 20165.585.58
June 30, 20175.595.59
June 30, 20185.735.73
June 30, 20195.925.92

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