# The Transport Act 2000 (Civil Aviation Authority Pension Scheme) Order 2001, Note: Explanatory note


(This note is not part of the Order)
This Order amends the Civil Aviation Authority Pension Scheme (“the Scheme”) and provides for the allocation of assets, rights, liabilities and obligations between different sections of the Scheme.
Article 4 substitutes the provisions set out in Schedule 1 to the Order (“the new provisions”) for the trust deed of the Scheme. The principal effects of this amendment are—
(a) to establish within the Scheme a section of which the Civil Aviation Authority (“the CAA”) is the sponsoring employer (“the CAA Section”) and a section of which National Air Traffic Services Limited is the sponsoring employer (“the NATS Section”);
(b) to make provision for the establishment of sections within the Scheme in addition to the CAA Section and the NATS Section;
(c) to make provision for the allocation of the rights and obligations of members and beneficiaries of the Scheme to the CAA Section and the NATS Section;
(d) to make provision for the allocation of employer rights and obligations between the CAA Section and the NATS Section;
(e) to set out an actuarial method and assumptions for calculating the value of the liabilities of the CAA Section and the NATS Section of the Scheme;
(f) to set out an actuarial method and assumptions for determining the allocation of assets of the Scheme between the CAA Section and the NATS Section; and
(g) to provide that the benefits, rights and options of—
(i) members of the Scheme who, before the date of the relevant disposal, ceased to be in service for the purposes of the Scheme; and
(ii) persons who, before the date of the relevant disposal, ceased to be current members of the Scheme,
shall be determined in accordance with the provisions of the Scheme at the date of such cessation or other appropriate date.
Article 3 requires the trustees of the Scheme to allocate in accordance with the new provisions on the date on which the CAA transfers the shares it holds in National Air Traffic Services Limited to National Air Traffic Services (No. 2) Limited.
The deeds and documents referred to in Schedule 1 to the Order (save for the tables mentioned in the following paragraph) and the deeds referred to in Schedule 2 to the Order may be inspected at the offices of the Civil Aviation Authority Pension Scheme Secretary, One Kemble Street, London WC2B 4AP by appointment with the Scheme Secretary.
The tables referred to in Appendix 6 to the Trust Deed set out in Schedule 1 to the Order may be inspected at, or obtained from, the Institute of Actuaries at Staple Inn Hall, High Holborn, London WC1V 7QJ or Napier House, 4 Worcester Street, Oxford OX1 2AW or the Faculty of Actuaries, Maclaurin House, 18 Dublin Street, Edinburgh EH2 1EN.

---
Source: https://www.legislation.gov.uk/uksi/2001/853/note (the official version)
Page: https://openlegislation.uk/transport-act-2000-civil-aviation-authority-pension-scheme-order-2001/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.