pay-as-you-go pension system

pay-as-you-go pension system(unfunded pension system) A system in which state retirement benefits are financed by contributions levied from current workers, as opposed to a funded system in which contributions are invested to pay for future benefits. The British National Insurance system is a pay-as-you-go system.

• current-year basis
• current yield
• curriculum vitae
• customer acquisition costs
• customer agent
• customer capital
• customer-centred company
• customer coalitions
• customer database
• customer delivered value
• customer-level activities
• customer lifetime value
• customer perspective
• customer processing technology
• customer profitability analysis
• customer relationship management system
• customer service
• customer value
• customer value analysis
• customer value delivery system
• customization
• custom of the trade
• Customs and Excise
• customs entry
• customs invoice