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

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Describe the "pay as you go" funding method that is used by many federal and state or local government 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: 9780078034664

5th Edition

Authors: Anthony Saunders, Marcia Cornett

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