§ Baroness Jegerasked Her Majesty's Government:
Why people who elect to have their pensions paid direct to their bank or building society are paid monthly in arrears.
§ The Parliamentary Under-Secretary of State, Department of Social Security (Lord Henley)New pensioners are likely to retire from an employment where they received earnings monthly in arrears, so payment of their pension four-weekly in arrears allows continuity in budgeting.