What is another word for pay-as-you-go pension plan?

Synonyms for pay-as-you-go pension plan
pay-as-you-go pen·sion plan

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We couldn't find direct synonyms for the term pay-as-you-go pension plan.

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pay the penalty, pay the piper, pay the price, pay up, pay-as-you-go, pay-as-you-go pension plan, pay-per-use, pay-per-view, pay-phone, pay-station, pay-to-play

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Which of the following words is a synonym for quintessential?
A execptional
B atrocious
C inconceivable
D typical