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Pensions

Volume 236: debated on Thursday 20 March 1930

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asked the Financial Secretary to the Treasury what are the classes which are separately dealt with for the purpose of estimating the pension liability in preparing the Post Office commercial accounts; and what are the percentages of wages, including bonus, for each class in respect of which a separate percentage is employed?

I have been asked to reply to this question. The classes dealt with separately and the percentages of wages (including bonus) represented by the current provision for pension liability, following actuarial investigation, are as follow:

Male StaffPer centage.
Administrative and Clerical Staff14.20
Indoor Manipulative and Supervising Staff13.23
Miscellaneous Staff (Night Telephonists, Porters, etc.)9.76
Engineering Manipulative Staff9.08
Postmen9.62
Female Staff.
Administrative and Clerical Staff12.26
Indoor Postal and Telegraph Manipulative and Supervising Staff10.32
Telephonists and Supervising Staff9.68