state second pension


state second pension
(S2P)
A top up state pension that replaced the state earnings-related pension scheme (SERPS) from 6 April 2002. S2P is an additional state pension based on an employee's national insurance contributions (NICs) and earnings. S2P is more generous for low and moderate earners than SERPS, and covers certain carers and people with long-term illness or disability.
Related links
National Insurance Contributions Office (NICO) website
National Insurance Services to Pensions Industry website (NISPI)
stakeholder pensions

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • State Second Pension — On 6 April 2002, the Labour Government introduced the State Second Pension, or S2P to provide a more generous pension provision for UK workers. The main aim of this change was to enhance existing Additional Pension (or AP ) benefits for low and… …   Wikipedia

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