pay-as-you-go financing method - when applied to a pension plan, a system of financing under which contribution rates are set to cover the payments being made under the plan. Thus, there are no assets set aside explicitly to pre-fund its obligations. Alternative financing methods involve building up a fund., pay-as-you-go - a system in which contributions into a social security scheme from active employees and/or taxpayers are for the most part paid out during the same year as benefits, PAYG-süsteem, pensioniraha otsevoolu süsteem - süsteem, kus aktiivselt töötavate isikute ja/või maksumaksjate sissemaksed sotsiaalkindlustusskeemi makstakse suuremas osas hüvitistena välja sama aasta jooksul