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English definition of “State Second Pension”

State Second Pension

noun [C or U] (also state second pension)     ( abbreviation S2P)
GOVERNMENT, FINANCE in the UK, a pension in addition to the basic state pension: He is also paying into the state second pension (S2P) through his national insurance contributions, which will provide a further pension. The state second pension was introduced in 2002.
(Definition of State Second Pension noun from the Cambridge Business English Dictionary © Cambridge University Press)
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