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<br /> 84 <br />City of Elk River <br />Notes to Basic Financial Statements <br /> <br /> <br />NOTE 12 – PENSION PLANS (CONTINUED) <br /> <br />Public Employees' Retirement Association (Continued) <br /> <br />D. Pension Costs (Continued) <br /> <br />General Employees Fund Pension Costs (Continued) <br /> <br />At December 31, 2024, the City and HRA reported its proportionate share of the General Employees <br />Plan's deferred outflows of resources and deferred inflows of resources , related to pensions from the <br />following sources: <br /> <br />Primary Government <br /> <br />Differences between expected and actual economic experience 551,481$ -$ <br />Changes in actuarial assumptions 28,951 2,244,026 <br />Net difference between projected and actual investment earnings - 1,631,236 <br />Changes in proportion 73,785 139,015 <br />Contributions paid to PERA subsequent <br /> to the measurement date 489,949 - <br />Total 1,144,166$ 4,014,277$ <br />Deferred <br />Outflows of <br />Resources <br />Deferred <br />Inflows of <br />Resources <br /> <br />Discretely Presented Component Unit <br /> <br />Differences between expected and actual economic experience 3,455$ -$ <br />Changes in actuarial assumptions 181 14,001 <br />Net difference between projected and actual investment earnings - 10,242 <br />Changes in proportion 599 669 <br />Contributions paid to PERA subsequent <br /> to the measurement date 3,122 - <br />Total 7,357$ 24,912$ <br />Deferred <br />Outflows of <br />Resources <br />Deferred <br />Inflows of <br />Resources <br />Page 274 of 637