If the current Social Security system in a country is a "pay-as-you-go" system,it means that:
A)employers and employees must pay taxes once in a month.
B)employers pay the bulk of employees' retirement costs.
C)individual retirement accounts are set up for each work as they go.
D)taxes from current workers are transferred to current retirees.

Question

Quizplus · Accepted Answer

In a pay-as-you-go system, current workers' taxes are used to pay for current retirees' benefits. There is no requirement for individual retirement accounts or for employers to bear the bulk of retirement costs.

If the Current Social Security System in a Country Is