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Jargon buster

  • State Earnings Related Pension Scheme (SERPS)

    SERPS provided an earnings-related addition to the Basic State Pension paid by the Department for Work and Pensions (DWP).

    SERPS additions were based on National Insurance contributions made between 1978 and 2002, with a maximum of 20 years' contributions counting.

    Members of the LGPS were automatically contracted-out of SERPS for the duration of their LGPS membership, and this will be taken account of in calculating their "new" (from 2016) state pension.

  • State Pension Age (SPA)

    SPA for women is being increased, so that men and women will have the same SPA.

    SPAs are also being increased above 65.

    You can check your SPA.

    The timetable for SPA provides for SPA to keep pace with increases in life expectancy.

  • State Second Pension (S2P)

    This scheme replaced SERPS - see State Earnings Related Pension Scheme.  S2P was a top-up to the basic state pension until April 2016 and members of the LGPS automatically contracted-out of S2P for the duration of their LGPS membership.