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CITY OF ROSEVILLE, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2016 S e n sitivity of the net pension liability to changes in the discount rate. The following presents t h e n e t p e n s ion liability of the City, calculated using the discount rate of 7.50%, as well as w h a t t h e C i t y ' s n e t p e n s ion liability would be if it were calculated using a discount rate that is 1 - p e r c e n t a g e - p o i n t l o w e r (6.50%) or 1-percentage-point higher (8.50%) than the current r a t e : + 1% Current 1% Decrease Discount Increase 6.50% Rate 7.50% 8.50% Net pension liability (2,451,748)$ (3,150,522)$ (3,744,153)$ P e n s ion plan fiduciary net position. Detailed information about the pension plan's f i d u c i a ry net position is available in the separately issued relief association financial report. G. Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions For the year ended December 31, 2016, the City recognized pension expense of $(286,939). At December 31, 2016, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Difference between expected and actual liability -$ 204,866 $ Changes in acturial assumptions 101,300 259,060 Net difference between projected and actual investment earnings 236,827 - 338,127 $ 463,926 $ A mounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year Ending June 30, 2017 (269,863)$ 2018 90,855 2019 91,811 2020 (38,602) Total (125,799)$ 73 Item 8: Attachment D