HL Deb 31 July 1974 vol 353 cc2366-7WA

asked Her Majesty's Government:

Whether they pay the Post Office for paying and processing weekly pensions; if so how much do they pay for dealing with each weekly payment and the ancillary operations and how many weekly pensions are involved.


Yes. The Post Office is currently paid 4.7p for each encashment of about 7½ million weekly retirement pension and widow's pension orders. The charge for the encashment of about 1¼ million various other weekly social security pension orders is only slightly different according to the amount of work involved.