Prof Anthony Forster of Essex University, said that trustees of the pension scheme were “being overly prudent in their assumptions, which undervalue assets and overestimate liabilities”. The Telegraph reports.
Over a million students face disruption as academics from 57 universities signed up to strike over their pay and pension.
UCU has been locked in a battle with Universities UK (UUK), which represents vice-Chancellors, over proposed pension reforms to address a reported deficit and rising benefit costs.
In a blog post published by Essex University, Prof Forster criticised negotiators for “not willing to embrace principled compromise in seeking a solution” to the crisis.
He added: “The inability of those who decide our pension arrangements to ensure we have a fair and sustainable scheme is a source of regret and dismay”.
Prof Forster used the blog to warn that “continued failure” to reach a deal on the future of the Universities Superannuation Scheme (USS) will affect the sustainability of universities as well as their ability to recruit top academics from around the world.
Will you be going on strike? Are you a student facing more disruption? Please tell us your thoughts in comments or via Twitter ~ Tamsin
Are you a trainee teacher, NQT, teacher, headteacher, parent or just someone who cares about education and has something to get off your chest in a Schools Improvement Guest Post? Follow this link for more details at the bottom of the page.Don’t forget you can sign up to receive our daily email bulletin (around 7am) with all the latest schools news stories. Your details will never be given to anyone else and you can unsubscribe at any stage. Just follow this link.
We now have a Facebook page - please click to like!