guaranteed minimum pension
11state earnings-related pension scheme — (SERPS) United Kingdom An additional state pension based on the employee s national insurance contributions (NICs) and earnings. It ran from 6 April 1978 to 5 April 2002 when it was replaced by the …
12state 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 …
13National Minimum Wage Act 1998 — Parliament of the United Kingdom Long title ... Statute book chapter 1998 …
14State 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… …
15List of Statutory Instruments of the United Kingdom, 1995 — This is a complete list of all 1,872 Statutory Instruments published in the United Kingdom in the year 1995. NOTOC 1 100* National Health Service (Optical Charges and Payments) (Scotland) Amendment Regulations 1995 S.I. 1995/1 * Plymouth… …
16GMP — An employer can contract out of the SERPs element out of the state pension scheme (hence qualifying for a contracted out rebate on NIC s ) by means of an occupational pension scheme. There are strict rules relating to occupational pension schemes …
17Ros Altmann — Dr Ros Altmann , born 1956, a former member of the Number 10 Policy Unit is the prominent UK academic and pensions expert who led the five year UK political campaign on behalf of people who lost company pensions. She has twice been the recipient… …
18contracted-out — An employer can contract out of the SERPs element out of the state pension scheme (hence qualifying for a contracted out rebate on NIC s ) by means of an occupational pension scheme. There are strict rules relating to occupational pension schemes …
19Timeline of pensions in the United Kingdom — 1908= * Old Age Pensions Act passed providing means tested benefits to people over 70 [ [http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2005/11/16/npens16.xml News Telegraph ] ] 1978* 6 April State Earnings Related Pension Scheme starts * 6 …
20SERPS — Entitlement to SERPs is in addition to the basic pension and as its amount is dependent on the claimant s earnings since April 1978 on which employee National Insurance Contributions (NIC) have been paid. SERPs can be replaced by a contracted out …
