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Here's a THREAD on the #USS Trustees, powerful individuals whose role has been insufficiently examined, and who have been operating without the full benefits of public scrutiny.
#USSstrikes #USSstrike #WeAreTheUniversity #StrikeForUSS #DemocratiseUSS #DemocratizeUSS
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#USSstrikes #USSstrike #WeAreTheUniversity #StrikeForUSS #DemocratiseUSS #DemocratizeUSS
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As the #USS dispute goes on, it's clearer than ever that the institutions that govern our pensions have been failing us in multiple ways. They are secretive, non-transparent, marked by conflicts of interest and revolving doors. We need to open up and #DemocratizeUSS.
Of the 5 “independent” Trustees of #USS, 4 have a background working for investment and financial services companies, the 5th used to work for Rio Tinto, the mining company, running their gold mines in Papua New Guinea.
Let's have a look at them.
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Let's have a look at them.
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This looks like good news from @TPRgovuk, opening the door to a #USS deal on the basis of the Sept 2017 valuation involved in the initial @UCU recovery plan, if only the remaining hold-out VCs will accept this. 1/x
But we should in any case beware one kind of mistake which comes from treating @TPRgovuk as some unmovable exogenous constraint on a #USS deal. (1) The #tPR view itself is in part a function of VC’s avowed positions on risk levels. 2/x
And, (2) as @AdamJTucker has pointed out, there is a good degree of flexibility in how @TPRgovuk operates, and its regulatory framework allows space for appropriate intervention from the government. See embedded thread:
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