HC Deb 15 July 1913 vol 55 cc1079-80W

asked the First Lord of the Admiralty whether he can take steps to provide that naval officers retiring on pension before the age of forty should be allowed to commute part of their pension, in view of the fact that the possession of a capital sum is of greater value than a pension in starting in a new career, that the regulation prohibiting the commutation of pensions was framed at a time when retirement before the age of forty was discouraged rather than encouraged, and that the alteration of the regulation would be of considerable value to many retired officers whilst not increasing the charge to the public?


It is not proposed to make any alteration in the existing rule.