Mick F wrote: ...
Back to my complaint.
Why per week?
Why do I get mine payed every four weeks, and not on the last working day of the month like all "wages" and salaries?
£138.37 divided by seven and multiplied by the number of days in the month.
Some of us have standing orders, and some folk still have rent to pay or even mortgages. All those are due monthly.
I thought I had covered this before. Perhaps I waited for somebody else to muck in and then forgot.
The state pension is a weekly benefit and AFAIK, this goes back to the time when wage earners were paid weekly in cash. I think that goes back to the Truck Act(s?) designed to protect factory workers during the Industrial Revolution. As economy measure - and one which was very unpopular with a generation used to receiving a weekly pay packet - the government has changed the payment system to every four weeks (a fortnight in arrears and a fortnight in advance) and tried all sorts of trickery to con pensioners into believing that they must have their pension paid into a bank account or similar. Some pensioners retained the right to weekly payments and I don't know if that persists.
It's factually wrong to say that all salaries and wages are paid on the last working day of the month. When I was working I was paid every four weeks (again, a fortnight in arrears and a fortnight in advance.) As the recipient gets the same amount over time, I can't see any worthwhile difference, although on my pre-retirement course, we were alerted that the occupational pension would be paid per calendar month ie a change in the system which recipients had to get used to. A psychological advantage of thirteen pay days a year is that you get a sort of holiday from monthly bills when two four-weekly payments are received in one calendar month.
I only ever remember one problem with being paid every four weeks which was caused by the transition from weekly pay. It's so long ago that I cannot be sure of the details, but because there are 13 weeks and one day in most years and an extra day in a leap year, payments get out of kilter in that without adjustments you pay 56 weeks tax in one year. Somebody spotted this had happened and under the old manual PAYE it took a lot of sorting out. After that, they prevented a repeat by having an annual five week month.