Welfare Reform on the Web (September 2005): Pensions - UK

Widespread errors hit state pensions

A. Stead

Daily Telegraph, August 29th 2005, p.32

More than 5m people could miss out on £200m of state pension benefits because of errors in the calculation of their state pensions. The problem relates to the State Second Pension (S2P), formerly known as State Earnings Related Pension Scheme (Serps). As many as 15% to 20% pf the 26m people accruing benefit in the state system could be suffering from the incorrect allocation of National Insurance contributions, according to figures from independent pension trustees.