Gov Petition - Require all state pensions to be paid monthly

squirrelpie

how its remotely controversial to suggest having a regular income paid
like most people get their regular income paid is surprising

What's surprising is the number of people willing to consider a change like this without considering the likely cost of making the change.

molerat

how its remotely controversial to suggest having a regular income paid like most people get their regular income paid is surprising

Because, as others have stated, state pension is a weekly benefit and is paid in multiples of that as dictated by statute law. To change that would need a change in the law and a change to the computer system to enable it and we all know what cost and chaos comes with any change to these government computer systems and to actually achieve what - appease a few whingers ? Still at only 23 signatures so not a big deal to the majority.

la531983

https://forums.moneysavingexpert.com/discussion/comment/82054921#Comment_82054921

If everyone was given the choice at the start of either weekly, monthly, or 4-weekly, I can tell you with utter certainty which option would be selected the least. Just because something has happened for decades doesnt make it the best option (although I appreciate this is due to creaking systems, legislation etc).

ali_bear

I think the weekly benefit is something of an anachronism, the days of queueing up at the post office to collect your pension prior to a visit to the grocers and putting a few shillings in the meter belong firmly in the previous century. But of all the things for govt. to sort out this would be low on the list.

barnstar2077

I would have signed this, I would much prefer to be paid monthly. However, it is worded in such a way as to remove any other option (e.g. weekly payments) which guarantees it will not go through. A shame.

eastcorkram

I'm in receipt of SP, and I like the quirkiness of it being four weekly. I wouldn't change it if I was given an option.

Eldi_Dos

It would be interesting to know the percentages of people who pay their national insurance, weekly, fortnightly,four weekly, monthly and maybe even yearly.

My assumption is that the present system helps save (reduce) goverment borrowing for to fund the state pension.

BridgetTheCat

Well I currently have:

• Salary paid on the last working day of the month
• Occupational pension paid on the 15th of each month or nearest working day, and
• PIP paid 4 weekly

I actually quite like having several income streams hitting my account at different times. In my very first job I was paid fortnightly, and when we were finally pushed onto monthly pay there were howls of protest!

Silvertabby

If calendar monthly had been an option when we started to draw our State pensions we would have probably gone for it. But 4 weekly is working out fine - our RAF pensions go in on the 27th (or the last working day before) and our CS and LGPS pensions go in on the last working day, so easy enough to synchronise our outgoings.

SacredStephan

My assumption is that the present system helps save (reduce) goverment borrowing for to fund the state pension.

The Govt doesn't need to borrow to pay state pensions. I suggest you look up the workings of the NI fund.