A fully funded plan requires
A) you to pay for your dinner as you go to the table to eat.
B) current working citizens to pay for current retired citizens.
C) no taxes since current workers pay for current retirees.
D) retirees to be paid from accounts that have accumulated with interest over their working lives.

Question

Quizplus · Accepted Answer

A fully funded plan means that retirees are paid from accounts that have accumulated with interest over their working lives, rather than relying on current workers to pay for current retirees (option B) or no taxes (option C). Option A is unrelated to the concept of a fully funded plan.

A Fully Funded Plan Requires