Government policies
Second state pension
| Starting dates | April 2002: introduced |
|---|---|
| Key department | DWP |
| Key delivery agency | Pension Service |
| Budget/target/comment | An extension to SERPS and aims to increase the income provided by SERPS for those on lowish incomes (up to £30,000 in 2007/08). Those earning less than £13,000 have their pension calculated as though their earnings were actually £13,000. |