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<br /> 85 <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 />Discretely Presented Component Unit (Continued) <br /> <br />The $489,949 for the City and the $3,122 for the HRA reported as deferred outflows of resources <br />related to pensions resulting from City and HRA contributions subsequent to the measurement date <br />will be recognized as a reduction of the net pension liability in the year ended December 31 , 2025. <br />Other amounts reported as deferred outflows and deferred inflows of resources related to pensions <br />will be recognized in pension expense as noted on the following page. <br /> <br />Primary Government <br /> <br />Pension <br />Year Ending Expense <br />December 31,Amount <br />2025 (1,806,417)$ <br />2026 (367,020) <br />2027 (740,789) <br />2028 (445,838) <br />Total (3,360,064)$ <br /> <br />Discretely Presented Component Unit <br /> <br />Pension <br />Year Ending Expense <br />December 31,Amount <br />2025 (11,023)$ <br />2026 (2,130) <br />2027 (4,722) <br />2028 (2,802) <br />Total (20,677)$ <br /> <br />Page 275 of 637