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CITY OF PARIS, TEXAS <br />Notes to Financial Statements (Continued) <br />September 30, 2021 <br />IV. Detailed Notes on All Activities and Funds (Continued) <br />F. Employee Retirement Systems and Plans (Continued) <br />2. Firefighters' Relief and Retirement Fund (Continued) <br />Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to <br />Pensions (Continued) <br />At September 30, 2021, the City reported deferred outflows of resources and deferred inflows of resources <br />related to pensions from the following sources: <br />Difference Between Expected and Actual Economic Experience <br />Changes in Actuarial Assumptions <br />Difference Between Projected and Actual Investment Earnings <br />Contributions Subsequent to the Measurement Date <br />Total <br />Deferred Outflows Deferred Inflows <br />of Resources of Resources <br />$ - $ 506,147 <br />886,854 - <br />- 251,877 <br />327,379 <br />1,214,233 <br />$ 758,024 <br />$327,379 reported as deferred outflows of resources related to pensions resulting from contributions <br />subsequent to the measurement date, will be recognized as a reduction of the net pension liability for the year <br />ending September 30, 2022. Other amounts reported as deferred outflows and inflows of resources related to <br />pensions, will be recognized in pension expense as follows: <br />Fiscal Year Ended September 30, <br />2022 <br />$ (48,586) <br />2023 <br />48,105 <br />2024 <br />(81,760) <br />2025 <br />(18,716) <br />2026 <br />58,579 <br />Thereafter <br />171,208 <br />Total <br />$ 128,830 <br />G. Other Post Employment Benefit (OPEB) Obligations <br />1. Supplemental Death Benefits Fund <br />Plan Description <br />The City also participates in the single -employer defined benefit program, which operates like a group -term life <br />insurance plan, operated by the Texas Municipal Retirment System (TMRS) known as the Supplemental Death <br />Benefits Fund (SDBF). SDBF covers both active and retiree participants with no segregation of assets, and <br />therefore doesn't meet the definition of a trust under GASB No. 75 (i.e., no assets are accumulated for OPEB). <br />The City elected, by ordinance, to provide group -term life insurance coverage to both current and retired <br />employees. The City may terminate coverage under and discontinue particiapation in the SDBF by adopting an <br />ordinance before November I of any year to be effective the following January 1. <br />51 <br />