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A paymaster is a neutral third party and has no knowledge of any particulars of the transaction. They handle the incoming commissions, and then disburses the funds accordingly. In return for their services the paymaster charges a small fee, which is paid directly to them out of the commission proceeds prior to disbursement.
The office of the Paymaster General was created through a resolution of the Continental Congress on 16 June 1775, which established "That there be one Paymaster General, and a Deputy under him, for the Army, in a separate department; that the pay for the Paymaster General himself be one hundred dollars per month, and for the Deputy Paymaster under him, fifty dollars per month."
The Office for administration and payment of individual entitlements, also known as the Paymaster's Office or PMO is a central office of the European Commission.. The PMO's mission is to manage the financial rights of permanent, temporary and contractual staff working at the Commission, to calculate and to pay their salaries and other financial entitlements.
Until 1939 the Office of the Paymaster General was at 36 Whitehall (an extension of Horse Guards formerly occupied by the Paymaster to the Forces). [1]The post was created in 1836 by the merger of the positions of the offices of the Paymaster of the Forces (1661–1836), the Treasurer of the Navy (1546–1835), the Paymaster and Treasurer of Chelsea Hospital (responsible for Army pensions ...
The Paymaster of the Forces was a position in the British government. The office was established in 1661, one year after the Restoration of the Monarchy to Charles II of England , and was responsible for part of the financing of the British Army , in the improved form created by Oliver Cromwell during the Commonwealth .
The Finance Corps traces its foundation to 16 June 1775, when the Second Continental Congress established the office of Paymaster General of the Army. [1] The Pay Department became a separate department in 1816, and the Finance Department was created by law on 1 July 1920. [2] [1] It became the Finance Corps in 1950. [3]
Prior to the 19th century, each regiment had its own civilian paymaster and the first commissioned paymaster was introduced in 1792. In 1870 a Pay Sub-Department of the Control Department was formed; an officer-only establishment, it gained autonomy as the Army Pay Department in 1878. [ 1 ]
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