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The sensible alternative is to move rapidly toward a fully funded system, the assets of which would be invested in the nation's productive capacity.
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Worst of all, Bai neglects to mention that New Jersey had a fully funded pension system only eight years ago.
Admittedly, a fully funded public system is more costly than even a generous match such as New York's.
And for years, the school system had not met its required annual pension payments to ensure a fully funded plan; by 2007, the school system faced a $400 million gap.
Compared to a fully funded welfare state or social pension system, the outlays are small.
Journal of Monetary Economics 22, 3 42.] with overlapping generations, it is shown that a properly designed, unfunded social security system leads to higher output growth than a fully funded one.
Or as the Uni puts it: someone to study a fully funded PHD in chocolate.
Help rail passengers and commuters with a fully funded fare freeze.
The project of which the intervention is a part of was a fully funded studentship by the authors' university.
That means a fully funded Global Fund.
Canada has a publicly funded system.
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