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
