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Payroll taxes stream into the trust fund that is used to pay current retirees' benefits.
No state has ever borrowed so much money to pay current bills, he said.
These constant increases pile up more money than needed to pay current benefits.
Borrowing to pay current expenses is generally bad budgeting and, in New York, a potential invitation to suits by bondholders.
Under the Social Security system the payroll taxes of current workers are now used to pay current retirees.
Prudential and Aviva said their property funds also had enough cash to pay current levels of redemptions.
Finally, the higher mortgage costs could make so many buyers unable to pay current prices that those prices would fall.
Archives|CITY FORCED TO PAY CURRENT WAGE RATE; Painter Employed on Bridges Upheld in Right to Compensation at Prevailing Scale.
CITY FORCED TO PAY CURRENT WAGE RATE; Painter Employed on Bridges Upheld in Right to Compensation at Prevailing Scale.
Verizon Wireless says it will pay current customers back for the charges by crediting their accounts and will send checks to former customers.
The company, based in New Castle, Del., will pay current shareholders $2.5 million under a plan to exit bankruptcy, Applied Extrusion said.
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