Unlike a funded pension system, in which contributions are invested to pay future beneficiaries, a pay-as-you-go approach is the foundation of Social Security.


a pay-as-you-go approach is the foundation of Social Security

the foundation of Social Security is a pay-as-you-go approach

the approach of Social Security is pay-as-you-go

Social Security's approach is pay-as-you-go

Social Security is founded on a pay-as-you-go approach

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