Which of the following can decrease tax rates necessary to pay pensions for a pay-as-you-go pension system?

Question

Quizplus · Accepted Answer

An increase in the size of the workforce would mean more people are contributing to the pay-as-you-go pension system, thus decreasing the tax rates necessary to pay pensions. A decrease in the retirement age or an increase in the number of retirees would increase the amount of payouts needed from the system, and an increase in replacement rates would increase the amount of money paid out to each pensioner.

Which of the Following Can Decrease Tax Rates Necessary to Pay