SERPS

(redirected from State Earnings Related Pension Scheme)
Also found in: Financial.
AcronymDefinition
SERPSState Earnings Related Pension Scheme
SERPSSoftware Engineering Research and Practice in Sweden (conference)
SERPSSupplementary Earnings-Related Pension Scheme (UK)
References in periodicals archive ?
On the other hand, the UK tried earnings-replacement when the State Earnings Related Pension Scheme (SERPS, now transmuted into the state second pension) was introduced in 1978, but we never really accepted the cost.
45 per week, the State Second Pension (S2P), the State Earnings Related Pension Scheme (SERPS) and the graduated pension scheme.
You probably remember it as Serps - the State Earnings Related Pension Scheme.
A A PROTECTED rights personal pension is one resulting from you contracting out of the State Earnings Related Pension Scheme and putting the National Insurance contributions with an insurer instead of in the state scheme.
For example, at present people who have opted out of State Earnings Related Pension Scheme (Serps), must use a pension fund to buy an annuity income.
Many of the largest insurance companies in the UK, including Legal & General, Standard Life, Prudential and Equitable Life have written to hundreds of thousands of policyholders advising them to contract back into the state earnings related pension scheme (SERPS).
ASERPS stands for the State Earnings Related Pension Scheme, and is a top up to the basic old age pension that is funded by National Insurance contributions.
Most people are already in a company, private pension or in the State Earnings Related Pension Scheme paying anything from two or three per cent to 15 per cent of their income.
This is now called the Second State Pension and was previously known as the State Earnings Related Pension Scheme, or SERPS.
In the old days this was called the graduate pension schemes, which then became the State Earnings Related Pension Scheme (SERPS) and now it's the S2P.
In addition they may be entitled to a pension from the State Earnings Related Pension Scheme.
Around eight million policies were sold to consumers who hoped that by moving from the State Earnings Related Pension Scheme (Serps) and its replacement the State Second Pension (S2P) to the private sector they would be able to boost savings.
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