After 2002
In April 2002 SERPS accrual ended and was replaced by the State Second Pension. The main reason for the change was to provide a larger pension to people of low earnings.
Read more about this topic: State Earnings-Related Pension Scheme
After 2002
In April 2002 SERPS accrual ended and was replaced by the State Second Pension. The main reason for the change was to provide a larger pension to people of low earnings.
Read more about this topic: State Earnings-Related Pension Scheme