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America's current system, in contrast, is pay-as-you-go: today's workers pay for today's retirees (although, to complicate things, the build-up of surpluses in the Social Security trust fund has made it partly pre-funded).
All are pre-funded, but at different levels.
He told the health select committee in November 2011: "I do not think there will be pre-funded products.
Individual accounts help to create a "pre-funded" retirement system, where workers' retirement money is put aside in advance.
Ian Owen, chairman of Partnership Assurance, currently the only company offering pre-funded long-term care insurance, said: "This is buried in the green paper.
It is difficult to say, but it is thought the Icelandic scheme would be able to pay out relatively quickly as it is partially pre-funded.
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In the United States, state-funded pre-kindergarten (Pre-K) operated by school districts serves more children than private preschool or federally funded Head Start programs (Barnett et al. 2011).
While many children in low-income families attend Head Start or other publicly-funded pre-K, these programs don't have the funding they need to serve all the children who qualify, so when it's not available, these kids are left behind.
Only 28% of American four-year-olds attend state-funded pre-school; China is hoping to put 70% of its children through pre-school by 2020.Planting liberalism's standardThe answer is to scale down government, but to direct it more narrowly and intensely.
But the public-funded pre-kindergarten programmes now available in 40-odd states vary greatly in quality and in the numbers they serve.
In 2011, according to the National Institute for Early Education Research NIEERR), 39 states had state-funded pre-school initiatives (not including Head Start, the federal programme for poor children).
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