TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018

Note 9. Pension Obligations (continued)

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

At December 31, 2018, the Township had deferred outflows of resources and deferred inflows of resources related to PFRS from the following sources:

Deferred Outflows of Resources Deferred Inflows of Resources

Differences between Expected and Actual Experience $ 394,287 $ 160,380

Changes of Assumptions 3,326,643 9,932,380

Net Difference between Projected and Actual Earnings on Pension Plan Investments - 212,028

Changes in Proportion and Differences between Township Contributions and Proportionate Share of Contributions 1,042,311 173,520

$ 4,763,241 $ 10,478,308

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