The State Second Pension regime replaced the State Earnings Related Pension Scheme on 6 April 2002.
A recent report from the Department for Work and Pensions Select Committee says that the Governments future Pension Credit plans make the State Second Pension redundant!
Apparently, by the year 2050, the State Second Pension will be lower than the Minimum Income Guarantee. This is because the State Second Pension increases in line with inflation but the Minimum Income Guarantee increases with the rise in earnings, which grows faster.
For more on State Pensions visit Pensions Adviser.com.