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2.4 The liabilities of the Scheme for and in respect of Members at the Effective Date will be determined by reference to the benefits set out in this Deed together with any subsequent benefit changes notified to Members up until the Effective Date. In addition, provision will be made for an improvement in the rate of pension payable to a Spouse or Dependant on death after retirement (or in deferment) from 60% to 2/3rds of the Member’s pension for all Current Pensioners, Deferred Pensioners and Current Members employed by CAA and NATS as at the Effective Date.
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