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 March 1, 2021
by Mike Rawson · Published February 13, 2020 · Last modified June 17, 2020
by Mike Rawson · Published December 8, 2015 · Last modified December 10, 2015
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Success is a lousy teacher. It seduces smart people into thinking that they can’t lose.

