Social security system is an example of public pension plan

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The Social Security System is an example of a public pension plan that is a pay-as-you-go system. What is a pay-as-you-go pension plan?

If you want the benefits this year, you must pay into the system this year.

Current worker's tax payments go to pay the benefits of current retirees.

Reinsurance is paid annually by the retiree.

None of the above

All of the Above

Reference no: EM13885441

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Social security system is an example of public pension plan : The Social Security System is an example of a public pension plan that is a pay-as-you-go system. What is a pay-as-you-go pension plan?

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