A Pay-As-You-Go System Is

question 30

Multiple Choice

A pay-as-you-go system is

• A)where retirees are paid from accounts that have accumulated with interest over their working lives.
• B)less politically popular than a fully funded system for the first generation of retirees.
• C)where there is no need for taxes since current workers pay for current retirees.
• D)where current working citizens pay for current retired citizens.

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