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State Earnings-Related Pension Scheme (SERPS)

SERPS
State Earnings-Related Pension Scheme.
The Government introduced SERPS in 1978 as an earnings-related top-up to the basic state pension. It was replaced with the State Second Pension in April 2002. Whether you are entitled to SERPS depends on your earnings while you were in employment and the National Insurance contributions you and your employers paid; therefore self-employed do not qualify for this pension.