TOWNSHIP OF JACKSON
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2018
The Township will amortize the above sources of deferred outflows and inflows related to PERS over the following number of years:
| 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 | - |
|---|
| 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 |
|---|
| 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 | - |
|---|
| Changes in Proportion and Differences between Township 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 |
|---|
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