8. Describe the pay as you go funding method that is used by many federal and state...

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8. Describe the "pay as you go" funding method that is used by many federal and state or local govemment pension funds. What is the problem with this method that may damage the long-term viability of such funds? (LG 18-4)

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Financial Markets And Institutions

ISBN: 9780071086745

5th International Edition

Authors: Anthony Saunders, Marcia Cornett

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