State Second Pension
noun[CorU]
(alsostate second pension)ukus(abbreviationS2P)GOVERNMENT,FINANCE
in the UK, apensioninadditionto thebasicstatepension:
He is alsopayinginto thestatesecondpension(S2P) through hisnationalinsurancecontributions, which willprovideafurtherpension.
Thestatesecondpensionwasintroducedin 2002.