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 1, 2019 · Last modified June 17, 2020
by Mike Rawson · Published December 4, 2014 · Last modified October 13, 2016
by Mike Rawson · Published October 11, 2022
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Never argue with stupid people. They will drag you down to their level and then beat you with experience.