Garibaldee@lemm.ee to World News@lemmy.mlEnglish · 2 days agoJapan Is So Desperate to Increase Its Birth Rate That Tokyo Is Trying Out a New Idea: Free Daycarewww.xatakaon.comexternal-linkmessage-square140fedilinkarrow-up1539arrow-down14
arrow-up1535arrow-down1external-linkJapan Is So Desperate to Increase Its Birth Rate That Tokyo Is Trying Out a New Idea: Free Daycarewww.xatakaon.comGaribaldee@lemm.ee to World News@lemmy.mlEnglish · 2 days agomessage-square140fedilink
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up1·6 hours agoI don’t think you know what you’re talking about. The UK State Pension is unfunded, which means that its obligations are not underpinned by an actual fund or funds. Such schemes are often referred to as “Pay As You Go” (PAYG). The pension payments made by the government for unfunded pensions are financed on an ongoing basis from National Insurance contributions and general taxation.
I don’t think you know what you’re talking about.
The UK State Pension is unfunded, which means that its obligations are not underpinned by an actual fund or funds. Such schemes are often referred to as “Pay As You Go” (PAYG). The pension payments made by the government for unfunded pensions are financed on an ongoing basis from National Insurance contributions and general taxation.