§ 61. Sir Ian Fraserasked the Financial Secretary to the Treasury if he will give Civil Service pensioners the option to receive their pensions monthly or quarterly.
§ Mr. Glenvil HallThey already have this option, and are so informed when they retire.
§ Sir I. FraserIs that option universal?
§ Mr. Glenvil HallYes, 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.
§ Mr. Godfrey NicholsonCan they subsequently alter that option, or is it irrevocable?
§ Mr. Glenvil HallI 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.
§ Sir I. FraserIf 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?
§ Mr. Glenvil HallCertainly. 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.