The Canada/Quebec pension plans are best described as:

Question

Quizplus · Accepted Answer

The best description of the Canada/Quebec pension plans is "pay-as-you-go." This means that current workers' payments go towards funding the benefits of current retirees. The plans are not fully funded, which would mean that there is enough money set aside to cover all future benefits. They are also not privatized, which would mean that individuals are responsible for investing their own retirement funds. The plans are not endogenous, which refers to something being the result of internal factors or forces within a system.

The Canada/Quebec Pension Plans Are Best Described As