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CITY OF ROSEVILLE, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2021 G.PensionExpense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions For the year ended December 31, 2021, the City recognized a reduction of pension expense of $587,843. At December 31, 2021, 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 ResourcesResources Difference between expected and actual liability $ -$ - Changes in acturial assumptions - - Net difference between projected and actual investment earnings -2,763,258 $ -$2,763,258 Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognizedin pension expense as follows: Year ending December 31, 2022($762,458) 2023(1,025,772) 2024(642,769) 2025(332,259) Total ($2,763,258) Note 5OTHERPOST-EMPLOYMENT BENEFITS A.Plan Description In addition to providing the pension benefits described in Note 4, the City provides post-employment health care benefits (as defined in paragraph B) for retired employees and police and firefighters disabled in the line of duty, through a single employer defined benefit plan. The term Plan refers to plan is by the City. The authority to provide these benefits is established in Minnesota Statutes Sections 471.61 Subd. 2a, and 299A.465. The benefits, benefit levels, employee contributions and employer contributions are governed by the City and can be amended by theCity through its personnel manual and collective bargaining agreements with employee groups. The Plan is not accounted for as a trust fund, as an irrevocable trust has not been established to account for the plan. The Plan does not issue a separate financial report. 74