state earnings-related pension scheme

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State Second Pension - Wikipedia Open preview window
... Up to April 2002, the additional state pension was called the State Earnings-Related Pension Scheme (SERPS). ... However, if they wish they can choose to leave the additional State Pension and join a private pension scheme instead. ... A person can also contract out with a stakeholder pension or a personal pension. ... [25/04/06]
http://en.wikipedia.org/wiki/State_Second_Pension | Open link in new window | More pages from en.wikipedia.org

Retirement UK | state pensions |retirement benefits Open preview window
... In 1978 the Government introduced SERPS as an earnings-related top-up to the basic state pension. ... However, SERPS will be phased out and replaced with the state second pension. ... On divorce an individual will have to rely on a pension sharing order to claim benefits from the state earnings related pension scheme. ... [02/10/08]
http://sharingpensions.co.uk/statepen.htm | Open link in new window | More pages from sharingpensions.co.uk

The State Pension - A Brief History Open preview window
The State Pension ... Who is entitled to state pension? ... Who pays the state pension? ... This means that no state 'pension fund' actually exists. ... The Additional State Pension is an earnings related pension. ... When the Additional State Pension was introduced in 1978 it was called The State Earnings Related Pension Scheme (SERPS). ...
http://www.incipit.co.uk/pages/pension-history.php | Open link in new window | More pages from www.incipit.co.uk

The Pension Service - A to Z Open preview window
Skip to main content / Cymraeg | ... Until April 2002, it was usually known as the State Earnings Related Pension Scheme (SERPS) pension and depended solely on the National Insurance contributions you paid as an employee. ... You may get an additional State Pension even if you do not get any basic State Pension. ...
http://www.thepensionservice.gov.uk/atoz/home.asp | Open link in new window | More pages from www.thepensionservice.gov.uk

State Pension Credit Act Open preview window
... 1. These explanatory notes relate to the State Pension Credit Act which received Royal Assent on 25 June 2002. ... 3. This Act introduces a new State Pension Credit for persons aged 60 and over. ... Reform of the State Earnings Related Pension Scheme (SERPS) to provide a more generous State Second Pension. ...
http://www.opsi.gov.uk/acts/acts2002/en/ukpgaen_20020016_en_1 | Open link in new window | More pages from www.opsi.gov.uk

Business |Backing for citizens' pension Open preview window
... "Saving for retirement becomes so much clearer if the role of the state winds back from the current complexity of basic state pension, earnings related state second pension, pension credit and contracting-out to deliver instead a single state pension that provides basic income as simply as possible. ... And it said providing additional incentives for people ...
http://business.guardian.co.uk/print/0,,329445599-108725,00.html | Open link in new window | More pages from business.guardian.co.uk

CI - Focus on Citizen's Pension Open preview window
... Instead he wants the cabinet to accept a radical shift to a non-contributory citizens' pension, similar to a Liberal Democrat scheme, though more ambitious. ... A particular problem discussed was how to recognise the rights which people have accrued in state earnings related pensions and contracted-out pension schemes, and the institute has prepared a paper ...
http://www.citizensincome.org/focus%20on%20citizen's%20pension.shtml | Open link in new window | More pages from www.citizensincome.org

Can we afford the welfare state? Open preview window
... They changed the basic state pension from being linked to average earnings to being linked to increases in the price index. Over the years this has led to a significant decline in the state pension. ... The Pensions Act also attacks the State Earnings Related Pension Scheme (SERPS). ... [21/05/04]
http://pubs.socialistreviewindex.org.uk/sr191/morgan.htm | Open link in new window | More pages from pubs.socialistreviewindex.org.uk

Anthony Gold Solicitors - Pension Loss Calculation Open preview window
... State Pension : There is a state basic pension and also an earnings related additional state pension (full entitlement to which depends upon national insurance contribution record). ... is a commutation in part of the annual pension to which the contributor is entitled under the scheme to which he has contributed. ...
http://www.anthonygold.co.uk/page.cfm/Link=334/t=m | Open link in new window | More pages from www.anthonygold.co.uk

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Norwich Union workers back to state pension Open preview window
Norwich Union workers back to state pension / Pensions Quote Line ... The research showed that people would be worse off in retirement as a result of opting out of the state earnings-related pension scheme (Serps) and taking up the offer of government payments into their own private pensions instead. ... [26/11/08]
http://www.pensions.co.uk/news/2005/May/Norwich-Union-workers-back-to-state-pension.html | Open link in new window | More pages from www.pensions.co.uk

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