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NOTE 10 —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, 2021, through June <br />30, 2022, relative to the total employer contributions received from all of PERA's participating <br />employers. The City's proportionate share was 0.0603% at the end of the measurement period and <br />0.0617% 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 $417751781 <br />State of Minnesota's proportionate share of the net pension <br />liability associated with the City 140,084 <br />Total 4,9151)865 <br />For the year ended December 31, 2022, the City recognized pension expense of $746,304 for its <br />proportionate share of the GERF's pension expense. In addition, the City recognized an additional <br />$20,932 as pension expense (and grant revenue) for its proportionate share of the State of Minnesota's <br />contribution of $16.0 million to the GERF. <br />At December 31, 2022, the City reported its proportionate share of the GERF's deferred outflows of <br />resources and deferred inflows of resources related to pensions from the following sources: <br />Deferred <br />Deferred <br />Outflows of <br />Inflows of <br />Resources <br />Resources <br />Differences between expected and actual economic experience <br />$ 391891 <br />$ 511815 <br />Changes in actuarial assumptions <br />111051182 <br />181232 <br />Net collective difference between projected and actual <br />investment earnings <br />291102 <br />- <br />Changes in proportion <br />2021643 <br />441840 <br />Contributions paid to the PERA subsequent to the measurement <br />date <br />172,919 <br />- <br />Total <br />L549,737 <br />114 887 <br />A total of $172,919 reported as deferred outflows of resources related to pensions resulting from City <br />contributions subsequent to the measurement date will be recognized as a reduction of the net pension <br />liability in the year ending December 31, 2023. Other amounts reported as deferred outflows and <br />inflows of resources related to pensions will be recognized in pension expense as follows: <br />Year ended December 31: Pension Exbense Amount <br />2023 <br />$ 5211632 <br />2024 <br />4891663 <br />2025 <br />(1815263) <br />2026 <br />431,899 <br />Total <br />1,261,931 <br />84 <br />