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Statutory Pensions (Commutation)

Volume 155: debated on Tuesday 27 June 1922

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asked the Chancellor of the Exchequer who are the heir and successors of individuals to whom the State voted statutory pensions; what is the total amount annually paid to these individuals; and whether any steps can be taken to capitalise this sum and come to some arrangement whereby this annual charge may be liquidated with the full consent of the present recipients of these pensions?

The hon. and gallant Member will find particulars of these pensions, now five in number, of which two cease on the death of the present holders, in the annual Finance Accounts (see Finance Accounts, 1920–21, page 44). These payments can only be commuted with the assent of the parties concerned, and in certain cases with the assent of a court. It is the general policy of the Treasury to commute where satisfactory conditions can be agreed.