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  2. State Second Pension - Wikipedia

    en.wikipedia.org/wiki/State_Second_Pension

    The State Second Pension ( S2P ), or Additional State Pension, was introduced in the UK by the Labour Government on 6 April 2002, to replace the SERPS ( State Earnings-Related Pension Scheme ). The main aim of this change was to skew existing Additional Pension (AP) benefits in favour of low and moderate earners at the expense of higher earners ...

  3. State Earnings-Related Pension Scheme - Wikipedia

    en.wikipedia.org/wiki/State_Earnings-Related...

    The State Earnings Related Pension Scheme ( SERPS ), originally known as the State Earnings Related Pension Supplement, was a UK Government pension arrangement, to which employees and employers contributed between 6 April 1978 and 5 April 2002, when it was replaced by the State Second Pension. Employees who paid full Class 1 National insurance ...

  4. Defined benefit pension plan - Wikipedia

    en.wikipedia.org/wiki/Defined_benefit_pension_plan

    Personal finance. Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.

  5. Ask an Advisor: I Have $800k in a 401(k) and $5,270 in ... - AOL

    www.aol.com/finance/ask-advisor-800k-401-k...

    My monthly Social Security is $3,178, my pension will be $2,090 per month and my 401(k) has $800,000. If I use the 4% rule, where do I stand tax-wise? ... Calculate How Much of Your Benefits Are ...

  6. State Pension (United Kingdom) - Wikipedia

    en.wikipedia.org/wiki/State_Pension_(United_Kingdom)

    Basic State Pension. The basic State Pension (alongside the Graduated Retirement Benefit, the State Earnings-Related Pension Scheme, and the State Second Pension) is a benefit payable to men born before 6 April 1951, and to women born before 6 April 1953. The maximum amount payable is £169.50 a week (April 2024 - April 2025).

  7. Can I Cash Out My Pension When Leaving a Job? - AOL

    www.aol.com/cash-pension-leaving-job-141134422.html

    Vested vs. Non-Vested. A woman examines the terms of her pension plan to determine whether she is vested or not. Whether you can cash out your pension when you leave a job depends in part on ...

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