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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 />