"cease to pay" is correct and usable in written English.
It means to stop making payments. Example: As soon as the company went bankrupt, they were forced to cease to pay their employees' salaries.
However, this will impose a potentially large transitional cost as younger people cease to pay national-insurance contributions.
Under the Maine Heritage Policy Center's "FreeME" initiative, Washington County residents and businesses would cease to pay state income taxes or collect sales taxes until economic conditions reach the statewide average and stay there for three years running.
The Medicaid programme cannot be afforded if it remains captive to rapidly rising health costs; Social Security faces ruinous pressure when, by 2010, the baby-boomers start retiring and cease to pay their taxes.The sad truth, however, is that politicians make budgets, not economists; and for politicians the crises of the next century are unimaginably far away.
But the extra risks they carry (they either convert into equity or cease to pay interest when an issuer is struggling) will begin to seem like a poor trade-off.In stockmarkets, the easiest way for investors to eke out gains will be to lower their costs.
There are roughly 650 days left until the boomer time-bomb goes off and they reach retirement, cease to pay taxes and start drawing pensions.
That figure comes with a budget deficit of $673.7 billion, which means that if the rich or corporations were to cease to pay various taxes (at least at present rates), money would still have to come from somewhere.
In his last years, Turner virtually ceased to pay attention to material reality.
In the west, the public had ceased to pay attention except when some prominent figure was exposed as a Stasi collaborator.
Marcus, always the more stable of the two, had mastered most of his demons, and Dimitri's fragility had ceased to pay dividends.
"It's one thing to say they'll accept Greek government bonds, it's another thing to have something on their balance sheet that has ceased to pay, which is the definition of default".
The report also advises raising the bar for teachers by assessing candidates' emotional intelligence, and by ceasing to pay for the studies of those who fail to graduate with an upper second class degree.
