Additional state pension

A top-up state pension designed to supplement the basic state pension ( www.practicallaw.com/4-375-9148) . Employees contributed to the additional state pension through payment of class 1 National Insurance contributions (NICs) ( www.practicallaw.com/8-201-8297) . Originally known as the state earnings-related pension (SERPS) ( www.practicallaw.com/9-200-3498) , the additional state pension was reformed in 2002 when the state second pension (S2P) ( www.practicallaw.com/1-200-3464) was created. Since the new state pension ( www.practicallaw.com/0-626-8554) came into effect on 6 April 2016, employees can no longer accrue any further entitlement to the additional state pension, but those who reached their state pension age ( www.practicallaw.com/2-200-3500) before 6 April 2016 will continue to receive pension payments for the remainder of their lives.

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247244990957", "objName" : "Additional state pension", "userID" : "2", "objUrl" : "http://uk.practicallaw.com/cs/Satellite/resource/1-205-6570?null", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "true", "analyticsPermCookie" : "2-34f33658:15b1a7b08b6:-727d", "analyticsSessionCookie" : "2-34f33658:15b1a7b08b6:-727c", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }