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 18, 2015 · Last modified April 8, 2018
by Mike Rawson · Published June 16, 2023
by Mike Rawson · Published August 12, 2016 · Last modified June 16, 2020
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It is a kind of spiritual snobbery that makes people think they can be happy without money.
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