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To preserve SERPS/SP2 in addition to the basic state pension

Submitted on Friday 30th March 2012

Published on Friday 30th March 2012

Current status: Closed

Closed: Sunday 30th September 2012

Signatures: 40

Petition Action

To preserve SERPS/SP2 in addition to the basic state pension

Additional Information

Serps and SP2 cannot ever be a 'benefit'. They are bought by workers and employers as a financial investment like any other private pension. They are the chosen extra pension vehicle for low paid workers.
The full state basic pension becomes a benefit only when awarded for less than 30+ years' contributions. Anyone who has worked and contributed for more than 30 years has earned 'entitlement' to a full return on their investment plus the Serps/ SP2.
The government wants us to believe that 'work pays'. This cannot be true if Serps/SP2 are stolen at the point of delivery.


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