HC Deb 25 March 1912 vol 36 c36
Mr. CASSEL

asked what will be the position of an insured person during the prescribed time within which he has the option of joining an approved society or becoming a Post Office contributor; by whom will his benefits be administered if he falls ill during such period; and from whom will he receive sick pay?

Mr. MASTERMAN

It is not the present intention of the Commission to prescribe a longer period for this purpose than the minimum waiting period for sickness benefit. Under these circumstances the last part of the question does not arise.

Mr. CASSEL

So not more than six months, in any event, will be allowed for making arrangements?

Mr. MASTERMAN

Not more than the waiting period.

Mr. C. BATHURST

Will the result of this be that something like a third of the whole of the insured persons in the country will become deposit contributors?

Mr. MASTERMAN

Oh, no. After the waiting period of six months is over they can transfer to an approved society, carrying with them their full reserve value.