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 February 23, 2015 · Last modified October 18, 2016
by Mike Rawson · Published April 19, 2017 · Last modified March 10, 2018
by Mike Rawson · Published May 14, 2015 · Last modified April 26, 2018
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A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.