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 11, 2015 · Last modified April 8, 2018
by Mike Rawson · Published January 12, 2022
by Mike Rawson · Published April 12, 2022
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A bank is a place that will lend you money if you can prove that you don’t need it.
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