Employers now contribute 31.83 cents of every payroll dollar to pension funds — a historic high
Employer Contribution Rates for State & Local Pension Plans as a % of Payroll, 2001-2026
0%
5%
10%
15%
20%
25%
30%
35%
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Normal Cost
Unfunded Liability Payments
Source: Equable Institute analysis of public plan valuation reports and ACFRs. Contribution rates show for the year actually paid.
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