Moreover, Section 96 of the Transport Act 2000 refers to the Secretary of States authority to make provision to re-allocate assets in CAAPS, but in doing so the SofS '...must ensure that each person falling within subsection (6) is overall in materially at least as good a position, as respects pension arrangements, as a result of the order...'.
As we would be under this deal. But does it state what would happen in the future? There is no change to present members until and if we get a pay rise of RPI+0.5%.
Just as a quick aside, if NATS offered a 30% rise to cover the next 5 years but only 20% of it were pensionable would you take it or leave it? I know what my answer would be.
Think about it folks.