Oneida-Herkimer Solid Waste Management Authority

Notes to Financial Statements

December 31, 2022 and 2021

Note 6 - New York State Employees’ Retirement System - Continued

Pension Asset/Liabilities, Pension Expense, and Deferred Outflows of Resources, and Deferred Inflows of Resources Related to Pensions - Continued

At December 31, 2022 and 2021, the Authority’s proportion was 0.0145149% and 0.0144157%, respectively.

For the years ended December 31, 2022 and 2021, the Authority recognized pension expense of $68,444 and $334,702, respectively.

The Authority reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Authority contributions subsequent to the measurement date are recognized as a reduction of the net pension liability in the subsequent year. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: