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 June 28, 2016
by Mike Rawson · Published February 23, 2017 · Last modified June 16, 2020
by Mike Rawson · Published October 5, 2015 · Last modified June 16, 2020
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Beware of little expenses. A small leak will sink a great ship.
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