Member

I am running out of time, but there is a crucial issue to which I shall return when we discuss Amendment 203, which is that different members with pre-1997 service are going to be treated differently. Effectively, there are members where it was found that there was some entitlement to increases in the rules; there are members where the entitlement was not in the rules; and there are members where we just do not know. Two of those groups—those where it was in the rules and those where we do not know whether it was in the rules—are going to get the increases, unlike those where it was not in the rules. That distinction is false if you actually look at what was happening pre-1997. I will continue these remarks on Amendment 203, but we should be guided by members’ reasonable expectations, not the fine detail of what was in the rules. It is what they could reasonably expect, and almost universally at that time, members expected reasonable LPI increases.