You are looking at the district$$s Annual Comprehensive Financial Report,

specifically in the Pension Plan section of the Notes to the Financial Statements.

Information in the note indicates that the district$$s "normal cost" was $$420,000$

and that "amortization of the unfunded actuarial accrued liability" was $$150,000.$

d$)$ What is meant by "normal cost?"

e$)$ What is meant by "unfunded actuarial accrued liability" $($also referred to

as unfunded liability$)$