Work Options: Time, Stability, Money and Responsibility

Half my time at VPAC is seconded to ARCS. Two days ago, ARCS management decided that they wouldn't be renewing that contribution at the end of the year with various mealy-mouthed excuses (different skill-set needed, VPAC is over-funded, want to end 50/50 splits). VPAC is currently crunching the numbers and working out whether they can find the money to make up the extra time and money required, which I imagine they can do.

But at the same time there is a very nice ICT consultant position at a local university that is right up my alley. It would mean a 20% pay rise and a 90% increase in superannuation, managing a small team of technical support staff. It would mean greater responsibility and more hours, but I think I would really enjoy it. The other option is agreeing to a 50% reduction in hours and pay at VPAC.. which wouldn't be so bad either. I would be poorer but very far from impoverished (such are the quirks of marginal tax rates) and I would have more time, which would be an absolute joy. Or I could push hard for VPAC to keep me on in a full-time position, which would be stable, fairly well-paid.

Time or stability or money and responsibility. Those are the choices I'm confronting with. And making a decision on these is eluding me.