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 November 23, 2021
by Mike Rawson · Published February 18, 2024
by Mike Rawson · Published February 8, 2016 · Last modified October 13, 2016
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There are 100 billion stars – fewer than the deficit. They are economical not astronomical numbers.

