The Transport Act 2000 (Civil Aviation Authority Pension Scheme) Order 2001

Cessation of death benefits and of further accrual

19.1  Unless the winding-up is deferred in accordance with Rule 18.2, the CAA Section shall be wound up and the trusts of the CAA Section shall be determined upon the happening of any of the events described in Rule 18.1 (whichever shall first occur) and such date shall be the effective date of winding-up of the CAA Section for the purposes of this Deed.

With effect from the effective date of winding-up:

(a) Pensionable Service in respect of all Members of the CAA Section shall terminate and no pension benefit shall accrue under the CAA Section in respect of Service on and after the effective date of winding-up and in respect of such Service, Current Members shall be treated as Members who have left Service on that date; and

(b) any death benefit payable under Rule 26 shall be provided on the basis that all Current Members are treated as Members who have left Service on the effective date of winding-up (and for such purpose Rule 26.2(a) shall be disregarded).