PAYGO Is the Most Costly Way to Fund a Public Retirement System and Would Be Bad for New Mexico

In Politics by Michael Rae

With New Mexico’s public pension systems already having billions of dollars in unfunded liabilities and needing more money each year to stay healthy, it would be folly to put these plans at greater risk for insolvency by shifting to pay-as-you-go (PAYGO) funding to avoid paying the full bill, as is