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)

The Township will amortize the above sources of deferred outflows and inflows related to PFRS over the following number of years:

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-
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
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-
Changes in Proportion and Differences between Township 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

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