From Longman Dictionary of Contemporary EnglishState Second Pension, thethe State Second PensionState Second Pension, the // (abbreviation S2P) a UK government pension scheme that increases the amount of extra pension payments made to workers on low and middle incomes and to people who are ill or have disabilities (disability). These pension payments were formerly made through the State Earnings-Related Pension Scheme (SERPS).From Longman Business DictionaryState Second PensionˌState ˌSecond ˈPensionFINANCE in Britain, a state pension which is in addition to the basic state pension. It replaced SERPS → pension
