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CITY OF PARIS, TEXAS <br />Notes to Financial Statements (Continued) <br />September 30, 2023 <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 />The aggregate pension expense for Texas Municipal Retirement System and Firefighters' Relief and <br />Retirement Fund for the year ended September 30, 2023 was $905,993. <br />E _._ f Ws ctf,,.. _ sources Related to <br />Pension Ex sense and Deferred Outflows of Resources and Deferred Inflows of Resources _._............ <br />Pensions (Continued) <br />At September 30, 2023, the City reported deferred outflows of resources and deferred inflows of resources <br />related to pensions from the following sources: <br />Deferred Outflows Deferred Inflows <br />o Resources omm ..fResources <br />...............Y]................�...... <br />Difference Between Expected and Actual Economic Experience $ 74,361 $ 682,938 <br />Changes in Actuarial Assumptions 1,231,086 - <br />Difference Between Projected and Actual Investment Earnings 1,082,830 <br />Contributions Subsequent to the Measurement Date - - <br />Total $ 2,388,277 $ 682,938 <br />Amounts reported as deferred outflows and inflows of resources related to pensions, will be recognized in <br />pension expense as follows: <br />Fiscal Year Ended September 30, <br />2024 <br />$ 277,836 <br />2025 <br />340,880 <br />2026 <br />418,175 <br />2027 <br />550,827 <br />2028 <br />62,114 <br />Thereafter <br />55,507 <br />Total <br />$ 1,705,339 <br />G. Other Post Employment Benefit (OPEB) Obligations <br />1. Supplemental Death Benefits Fund <br />Plan Descritp ion <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 Retirement 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 participation in the SDBF by adopting an <br />ordinance before November 1 of any year to be effective the following January 1. <br />58 <br />