The CAA i believe are public sector employees, we are in the same pension as they are, we are majority owned by the government (not as NATS like to tell everyone fully privatised). So why is their pension in such great shape whilst ours is in the s**t. Especially when we share the same trustees two of whom happen to be the NERL Finance Director and the NERL HR Director. Are they gambling with our pot whilst playing it safe with CAA money?
PPP led to a split of CAAPS into NATS and CAA sections. The two are seperate entities. The membership profile and the investment strategies of the two sections is very different.
CAA section has a very "mature" profile i.e. a large percentage of its members are already retired and so no further liabilities are accrued from their earnings. Their investment strategy is very low risk/low return and so stable
NATS section is much less mature, with the great majority of its members still in employment and so still adding to the future liabilities. The investment strategy is higher risk.higher return than the CAA section - and so harder hit by economic recession.
I'm not supporting their proposal... Just think it's important that any opposition to it is an informed opposition.