For those remaining in the government's original pay-as-you-go system, the maximum retirement benefit is now about $1,250 a month.

He adopted a $20 million tax increase and established a pay-as-you-go system.

Instead, they use the pay-as-you-go system - paying for former employees out of current revenue.

France has a pay-as-you-go system in which current workers pay for the retirement of the previous generation.

Surely the most difficult issue, though, is how to cope during a transition from the current pay-as-you-go public system.

Return to the pay-as-you-go system we had for decades before 1983.

It estimated that costs to the state in the pay-as-you-go system would go up about 18 percent a year over the next few years.

In fact, Social Security has always been a pay-as-you-go system.

The pay-as-you-go system seems to demand more workers just to finance benefits already promised.

The government has made promises it cannot afford to pay for with the current pay-as-you-go system.