Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 28th July 1949.
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asked the Financial Secretary to the Treasury if he will give Civil Service pensioners the option to receive their pensions monthly or quarterly.
They already have this option, and are so informed when they retire.
Is that option universal?
Yes, Sir. I have a copy of the form here. Those who complete it are asked to say at what intervals they would like payments to be made.
Can they subsequently alter that option, or is it irrevocable?
I do not think so. On the other hand, it would be silly if they were given the opportunity of changing their minds every few weeks.
If there is hardship in cases where a person has to wait three months for money which is paid in arrear, could the option be changed?
Certainly. If an individual concerned asks first for payment to be made quarterly and then finds he prefers it monthly, we are quite willing to pay him monthly.
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