Delaware County, Indiana
Notes to Financial Statements
December 31, 2025
Deferred Outflows of Resources and Deferred Inflows of Resources
At December 31, 2025, the County reported deferred outflows of resources and deferred inflows of resources related to the Sheriff's Benefit Plan from the following sources:
| Deferred Outflows of Resources |
Deferred Inflows of Resources |
|
|---|---|---|
| Differences between expected and actual experience | $5,660 | $97,524 |
| Changes in assumptions | 642 | 10,751 |
|
Net differences between projected and actual earnings on pension plan investments |
- | 47,593 |
| Total | $6,302 | $155,868 |
The balances as of December 31, 2025 of the deferred outflows of resources and deferred inflows of resources will be recognized in pension expense as follows:
| Years Ending December 31: |
Deferred Outflows of Resources and Deferred Inflows of Resources (Net) |
|---|---|
| 2026 | $(13,943) |
| 2027 | (66,981) |
| 2028 | (42,881) |
| 2029 | (25,761) |
Amortization Periods
The changes in total pension liability due to liability experience losses/(gains) and changes in assumptions for the most current year have been amortized over 4.916 years, the average remaining service of all members with any liability in the plan as of January 1, 2025. The change in net pension liability due to investment losses/(gains) has been amortized over 5.000 years as prescribed.
Assumption Changes
The changes in assumptions for base year ending December 31, 2025 reflect the change from the use of the Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2021 (separate employee, retiree, contingent survivor, and disabled retiree tables and male & female tables) to the Pub-2016 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2021 (separate employee, retiree, contingent survivor, and disabled retiree tables and male & female tables).