Draft Annual CAAPS (NATS Section) Report

Today, NATS have announced information on the Annual CAAPS Review. Paul Barron has stated NATS intention to increase the Employer contribution from the current 20% to 25% for 2009 and 30% for 2010. Whilst this increase is welcome, we are disappointed that NATS contribution rate was not increased to at least 30% for all of 2009. This is in a background where the funding level of NATS Section of CAAPS is 72% and there is a significant deficit. The Employer contribution rate suggested by NATS, even at 30%, is below the underlying rate shown in the Annual Review. The ATCO Branch will continue to apply pressure on NATS to ensure adequate funding of CAAPS to provide all our members with the pension they have been promised and have worked to safeguard.