Between 2001 and 2025, the dollar payments toward normal cost more than doubled (up 174%)but unfunded liability payments jumped over 2,643% Dollar value of contributions, 2001-2025 $0$50$100$150$200$ Billions 2001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025 Normal CostUnfunded Liability Payments Source: Equable Institute analysis of public plan valuation reports and ACFRs. Contribution totals reflect contribution rates applied to total contributions paid as reported in plan ACFRs. Download the data here.