NOTES TO FINANCIAL STATEMENTSCITY OF EUSTIS, FLORIDA(Continued)Note 5 - Pension Plans (Continued)FirefightersDeferredOutflows ofResourcesDifferences between Expected and Actual ExperienceChanges of assumptionsNet difference between Projected and Actual Earnings on PensionPlan InvestmentsTotalDeferredInflows ofResources$149,87362,738-$(115,002)(274,003)$212,611$(389,005)Amounts reported as Deferred Outflows of Resources and Deferred Inflows of Resources related topensions will be recognized in Pension Expense as follows:Year ended September 30, 2020:2021202220232024Total$$(8,899)(3,441)(63,134)(100,920)(176,394)Significant Actuarial AssumptionsThe following is a summary of actuarial methods and significant actuarial assumptionsused in the latest actuarial valuations:Funding methodAmortization methodRemaining amortization periodActuarial asset methodInflationSalary increasesInvestment rate of returnMortalityPoliceEntry age normalLevel dollar, closed19 years4-year average market value return2.50% per year6.0% per year7.25% per yearRP-2000 Mortality Tablefor Annuitants, projectedto all future years after 2000with scale BB71FireEntry age normalLevel percentage of pay, closed15 years (as of 10/1/2019)4-year average market value return2.50% per yearService based7.80% per yearPub- S.H - 2010 Mortality Tablefor Annuitants, Projectedwith Scale MP-2018
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