PAYG
Pay-as-you-go: scheme where pensions (and other benefits) paid out today are funded from revenues collected today.
« Back to Glossary Indexby Mike Rawson ·
Pay-as-you-go: scheme where pensions (and other benefits) paid out today are funded from revenues collected today.
« Back to Glossary Index
by Mike Rawson · Published April 24, 2015 · Last modified October 20, 2016
by Mike Rawson · Published September 16, 2020
by Mike Rawson · Published September 15, 2016 · Last modified June 16, 2020
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When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.