state second pension

Definitions

Accounting

  • noun
    (written as State Second Pension)
    a state pension that is additional to the basic retirement pension and is based on average earnings over an employee’s career, formerly called the State Earnings-related Pension scheme or SERPS

Politics

  • noun an additional pension paid by the government to supplement the basic state pension, based on an employee’s earnings and National Insurance contributions
  • acronymS2P
  • acronymSSP
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