by Jim Taylor
If one were to follow only certain outlets of the mainstream media, one would be led to believe that the university staff currently striking over proposed reforms to the Universities Superannuation Scheme (USS) are petulantly overreacting to a perfectly sensible restructuring of their pension scheme. The USS is unsustainable in its current form, they say, parroting the claims of Universities UK (UUK), the advocacy group for university employers who voted for the reforms several months ago. Current projections, these outlets cry, show that there’s not enough funding to sustain the scheme into the next generation of university staff, and depriving students of the classes for which they’ve paid exorbitant fees isn’t going to solve anything.
As is usually the nature of these things, there’s another side to the story.