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CITY OF PARIS, TEXAS <br />Notes to Financial Statements (Continued) <br />September 30, 2020 <br />IV. Detailed Notes on All Activities and Funds (Continued) <br />G. Other Post Employment Benefit (OPEB) Obligations (Continued) <br />1. Supplemental Death Benefits Fund (Continued) <br />OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEBs <br />For the year ended September 30, 2020, the City recognized OPEB expense in the amount of $91,874. <br />At September 30, 2020, the City reported deferred outflows of resources and deferred inflows of resources <br />related to OPEBs from the following sources: <br />Deferred Outflows <br />of Resources <br />Difference Between Expected and Actual Economic Experience <br />(Net of Current Year Amortization) $ - <br />Changes in Actuarial Assumptions 171,138 <br />Differences Between Projected and Actual Investment Earnings <br />(Net of Current Year Amortization) - <br />Contributions Subsequent to the Measurement Date 22,397 <br />Total <br />Deferred Inflows <br />of Resources <br />$ 39,870 <br />40,487 <br />$ 193,535 $ 80,357 <br />$22,397 reported as deferred outflows of resources related to SDBF OPEB resulting from contributions <br />subsequent to the measurement date will be recognized as a reduction of the net pension liability for the year <br />ending September 30, 2021. Other amounts reported as deferred outflows and inflows of resources related to <br />pensions will be recognized in pension expense as follows: <br />Fiscal Year Ended September 30, <br />2021 <br />$ 28,102 <br />2022 <br />27,636 <br />2023 <br />13,102 <br />2024 <br />21,941 <br />2025 <br />- <br />Thereafter <br />- <br />Total <br />$ 90,781 <br />2. City of Paris Retiree Health Care Plan <br />Plan Description <br />The City has in effect a single employer plan (the Plan) adopted by City Council resolution whereby persons <br />who retire before age sixty-five will be provided health care coverage until they become sixty-five. The <br />contribution requirements of the government are established and may be amended by the governing council. The <br />Plan covers retiree benefits with no segregation of assets, and therefore doesn't meet the definition of a trust <br />under GASB No. 75 (i.e., no assets are accumulated for OPEB). The Plan issues a stand-alone financial report. <br />53 <br />