The first Old Age Pensions Act came into force in this country in 1908, making provision for the payment of pensions to the aged, and between then and 1924 there have been numerous fresh Acts and amendments to the old ones.
Under the Old Age Pensions Act of 1919, certain important amendments became operative as from 2nd January, 1920. The rate of the pension (for persons having reached the age of seventy and who produce a birth certificate in support thereof) was fixed as follows:
Where the yearly means of the claimant or pensioner as calculated under the Old Age Pensions Acts of 1908 and 1911, and as amended by this Act, do not exceed £26 5s. Od. the weekly pension is 10s. Where the means exceed £26 5s. 0d., but do not exceed £31 10s. 0d., the weekly pension is 8s. If it exceeds £31 10s. 0d., but does not exceed £36 15s. 0d., the weekly pension is 6s. Exceeding £36 15s. 0d., but not £42, then 4s. per week pension is allowed. If the means exceeds £42, but not £47 5s. 0d., the 186 weekly pension is reduced to 2s., and exceeding £47 6s. Od., but not £49 17s. 6d., only Is. is payable. All persons whose yearly means exceed £49 17s. 6d. are excluded from pension.
A State insured person, or widow of such, can claim a pension at the age of sixty-five.