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NOTE 9—DEFINED BENEFIT PENSION PLANS—STATE-WIDE(CONTINUED) <br /> The City's proportion of the net pension liability was based on the City's contributions received by <br /> PERA during the measurement period for employer payroll paid dates from July 1,2020,through June <br /> 30, 2021, relative to the total employer contributions received from all of PERA's participating <br /> employers. The City's proportionate share was 0.0617% at the end of the measurement period and <br /> 0.0566% for the beginning of the period. <br /> The amount recognized by the City as its proportionate share of the net pension liability,the direct aid <br /> and total portion of the net pension liability that was associated with the City were as follows: <br /> City's proportionate share of the net pension liability $2,634,866 <br /> State of Minnesota's proportionate share of the net pension <br /> liability associated with the City 80,483 <br /> Total 2.715.349 <br /> For the year ended December 31, 2021, the City recognized pension expense of $131,872 for its <br /> proportionate share of the GERF's pension expense. In addition, the City recognized an additional <br /> $6,494 as pension expense (and grant revenue) for its proportionate share of the State of Minnesota's <br /> contribution of$16.0 million to the GERF. <br /> At December 31, 2021, the City reported its proportionate share of the GERF's deferred outflows of <br /> resources and deferred inflows of resources related to pensions from the following sources: <br /> Deferred Deferred <br /> Outflows of Inflows of <br /> Resources Resources <br /> Differences between expected and actual economic experience $ 13,905 $ 79,863 <br /> Changes in actuarial assumptions 1,608,795 52,386 <br /> Net collective difference between projected and actual - 2,295,197 <br /> investment earnings <br /> Changes in proportion 333,005 - <br /> Contributions paid to the PERA subsequent to the measurement <br /> date 165,057 - <br /> Total 2.120.762 2 427 446 <br /> A total of$165,057 reported as deferred outflows of resources related to pensions resulting from City <br /> contributions subsequent to the measurement date will be recognized as a reduction of the net pension <br /> liability in the year ending December 31, 2022. Other amounts reported as deferred outflows and <br /> inflows of resources related to pensions will be recognized in pension expense as follows: <br /> Year ended December 31: Pension Expense Amount <br /> 2022 $ 21,624 <br /> 2023 80,500 <br /> 2024 48,530 <br /> 2025 (622,395) <br /> Total (471.741) <br /> 82 <br />