Word: pay-as-you-go
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...Security. Before the reforms, the trust fund had worked more like a chain letter than a pension plan. Each current retiree's benefit check required payroll taxes from four current employees. But so many children were born right after the war and so few after 1964 that the pay-as-you-go system threatened to collapse when the boomers retired. In the first half of the next century there will be only two workers to pay benefits for every retired person. The solution: create a reserve by raising the payroll bite for Social Security from...
Both government and society will turn toward pay-as-you-go health care, according to Charles Baker, a former deputy under secretary of the U.S. Department of Health and Human Services. Under the Medicare system currently in place, everyone in the country ends up subsidizing everyone else's care. "Now we want to pay for what we need and nothing more," Baker said...
...coin-operated, pay-as-you-go system in the Houses--whereby students frantically stick quarters into machines every 15 minutes--is, simply put, a pain in the neck and uneconomical. Students last year avoided the coin-ups in droves. Some kind of time-sharing or chit system makes a lot more sense...
...coin-operated, pay-as-you-go system in the Houses--whereby students frantically stick quarters into machines every 15 minutes--is, simply put, a pain in the neck and uneconomical. Students last year avoided the coin-ops in droves. Some kind of time-sharing or chit system makes a lot more sense...
Healy's budget also designates $1 million for the creation of a pension reserve fund for city employees and another $1 million--net reflected in the $159.3 million budget--for a brand new "pay-as-you-go" capital improvements fund...