SERPS

SERPS
noun
British FINANCE (abbreviation State Earnings-Related Pension Scheme) = retraite versée par l'État, calculée sur le salaire

To get a maximum (but still small) Basic Pension, workers must contribute into the program for nearly fifty years. Originally enacted in 1975, SERPS was designed to significantly supplement the minimal and inadequate Basic Pension. At the same time, however, employers were allowed to "contract out" of SERPS if their private pension plans met or exceeded the SERPS provisions.


English-French business dictionary. 2013.

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  • SERPS — Entitlement to SERPs is in addition to the basic pension and as its amount is dependent on the claimant s earnings since April 1978 on which employee National Insurance Contributions (NIC) have been paid. SERPs can be replaced by a contracted out …   Law dictionary

  • SERPS — may refer to:* State Earnings Related Pension Scheme, a UK Government pension arrangement from April 6 1978 to April 5 2002 * SERPs, short for search engine results pages …   Wikipedia

  • Serps — (Sierps), Stadt im Kreise Mlawa des Gouvernements Plock im russischen Königreich Polen, an der Sierpsiencia, zwischen Morästen; 1 Schloß, 2 Kirchen, vormaliges Benedictinernonnenkloster, 1 Synagoge; 600 Häuser u. 5015 Ew., wovon fast die Hälfte… …   Pierer's Universal-Lexikon

  • SERPS — State Earnings Related Pension Scheme a British government system which pays a regular income to people who have stopped working because they are old, based on the amount that they earned while they were working …   Dictionary of contemporary English

  • SERPS — State Earnings Related Pension Scheme (SERPS) A top up pension scheme to boost the state basic pension. Employees can build up an entitlement to SERPs by paying National Insurance Contributions on part of their earnings. Financial Services… …   Financial and business terms

  • SERPS — ➡ pensions * * * …   Universalium

  • SERPS — State Earnings Related Pension Scheme (Governmental) …   Abbreviations dictionary

  • SERPS — Service Propulsion System ( > IEEE Standard Dictionary ) …   Acronyms

  • SERPS — Service Propulsion System ( > IEEE Standard Dictionary ) …   Acronyms von A bis Z

  • SERPS —   An acronym for State Earnings Related Pension Scheme …   International financial encyclopaedia

  • SERPS — [sə:ps] abbreviation (in the UK) state earnings related pension scheme …   English new terms dictionary

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