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 5, 2019
by Mike Rawson · Published October 6, 2020
by Mike Rawson · Published November 13, 2015 · Last modified June 23, 2020
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The price of anything is the amount of life you exchange for it.