State Second Pension Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “State Second Pension” in the English Dictionary

"State Second Pension" in Business English

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State Second Pensionnoun [C or U]

(also state second pension) uk   us   ( abbreviation S2P)
GOVERNMENT, FINANCE in the UK, a ​pension in ​addition to the basic statepension: He is also ​paying into the ​state second ​pension (S2P) through his ​nationalinsurancecontributions, which will ​provide a further ​pension. The ​state second ​pension was ​introduced in 2002.
(Definition of State Second Pension from the Cambridge Business English Dictionary © Cambridge University Press)
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