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CITY OF ROSEVILLE, MINNESOTA NOTES TO FINANClAL STATEMENTS December 31, 2015 At December 31, 2015, the City reported its proportionate share of the PEPFF's deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Differences between expected and actual economic experiences Differences between projected and actual investment earnings Changes in proportion Contributions paid to PERA subsequent to the measurement date Deferred Outflows of Resources $ - 977,972 381,798 $1,359,770 Deferred Inflows of Resources $ 910,244 18,001 $ 928,245 $381,798 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date wi11 be recognized as a reduction of the net pension liability in the year ended December 31, 2016. Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense as follows: YearEnded December 31, 2016 2017 2018 2019 E. Actuarial Assumptions Pension Expense Amount $ 12,432 12,432 12,432 12,431 The total pension liability in the June 30, 2015, actuarial valuation was determined using the entry age normal actuarial cost method and the following actuarial assumptions: Inflation Active Member Payroll Growth Investment Rate of Return 2.75% Per Year 3.50% PerYear 7.90% Salary increases were based on a service-related table. Mortality rates for active members, retirees, survivors, and disabilitants were based on RP-2000 tables for males or females, as appropriate, with slight adjustments. Benefit increases far retirees are assumed to be 1% effective every January lst through 2026 and 2.5% thereafter. 67