Bonum Certa Men Certa

Sirius 'Open Source' Pensiongate: An Introduction

Techrights: Wednesday, Feb 8, 2023: Sirius 'Open Source' Pensiongate: An Introduction



Summary: The Sirius 'Open Source' series continues in the form of a mini-series about pensions; it's part of an ongoing investigation of a deep mystery that impacts people who left the company quite a long time ago and some of the lessons herein are applicable to any worker with a pension (at times of financial uncertainties)

IT has been about a week since we ended the series about my former employer and opportunistic CEO, who carried the term "Open Source" in vain (there's a relatively short summary of the other issues). My wife resigned at the same time as me and she too has been attempting to understand what happened to the pensions.



Yes, pensions (plural).

"My wife resigned at the same time as me and she too has been attempting to understand what happened to the pensions."Back in 2016 the pensions were changed and the old one seemingly evaporated. Former staff (that had left the company already) wondered what happened. These things could not be tracked down and there were obstacles impeding those desperate to find out. The Pension Tracker and Regulator were of no use, either. The government isn't helping.

In the upcoming Sirius (pensiongate) articles we're going to look at what happens when British workers suddenly discover that a pension simply vanished, even if the paperwork with all the references and the names is still fully intact. Even large pension providers are implicated in this, and it is unclear if they facilitate so-called 'liberation' schemes that let people plunder other people's money. I wrote about this last month in my personal blog, but this series looks at it from another angle.

"In the upcoming Sirius (pensiongate) articles we're going to look at what happens when British workers suddenly discover that a pension simply vanished, even if the paperwork with all the references and the names is still fully intact."Generally speaking, what good are pensions when pension providers can certainly collapse or if the company offering a pension to staff collapses (and steals everyone's money in the process)? How is that financial security? Seems more like a Ponzi scheme with a clock set to detonate everything a decade or more later. The so-called "financial industry" is not an industry and economics isn't a science but a religion.

"Stock market pensions force us to give money to billionaires or else we don't get pensions," to quote someone from IRC (last night). "That's the point."

My best friend warned me about this over a decade ago. Are pensions any safer than bank accounts? And what will large technology companies do after economic downturns? Zoom is the latest to lay off loads of workers.

"We already consider suing the company, which is effectively in hiding, but if it files for bankruptcy in the process, then only the lawyers will win."In the case of Sirius, existing and past staff aren't fully aware of what's happening. After about 3 hours waiting and speaking over the telephone (at great expense to myself) I think I'm ready to establish and report some uncomfortable facts. Colleagues might want to know and deserve to know what's really happening. Some might to take what's left in the pension, even with 55% tax, before the company once again plunders people's pensions, as it apparently did before. I spoke to both pension providers and it's rather revealing. They too would find it illuminating.

We already consider suing the company, which is effectively in hiding, but if it files for bankruptcy in the process, then only the lawyers will win. If we pass this on to other former staff, which is impacted and may help organise class action, it's the same problem. The company Sirius already operates through several tiny shells in several countries. It's most likely about evading liabilities (business and personal).

In the next part we shall take a look at some of the substance and highlight how this establishes a pattern of deceit and backstabbing.

Recent Techrights' Posts

Workers of the European Patent Office Take the Office to Court Over Pension
pensions still precarious
The Persistent Nature of Freedom Isn't About Easy Routes
Resistance to oppression takes effort and sometimes money
 
Dr. John Campbell on Gates Foundation
Published two days ago
Melinda Gates Did Not Trust Bill Gates, So Why Should You?
She left him because of his ties to child sex trafficker Jeffrey Epstein
How Much IBM Really Cares About Software Freedom (Exactly One Year Ago IBM Turned RHEL Into Proprietary Software)
RHEL became proprietary software
Fedora Week of Diversity 2024 Was Powered by Proprietary Software
If instead of opening up to women and minorities we might open up to proprietary software, i.e. become less open
18 Countries in Europe Where Windows Fell Below 30% "Market Share"
Many people still use laptops with Windows, but they're outnumbered by mobile users on Android
[Meme] EPO Pensions in the UK
pensioners: looks like another EPO 'reform'
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Friday, June 21, 2024
IRC logs for Friday, June 21, 2024
During Fedora Week of Diversity (FWD) 2024 IBM and Its Subsidiaries Dragged to Court Over Discrimination at the Corporate Level
IBM is a deplorable, racist company
Gemini Links 22/06/2024: FreeBSD vs XFCE and Gemini Bookmarks Syncing Solution
Links for the day
Links 21/06/2024: Matrimony Perils and US-Sponsored COVID-19 Misinformation
Links for the day
"A coming cybersecurity schism" by Dr. Andy Farnell
new from Dr. Andy Farnell
Links 21/06/2024: Overpopulation, Censorship, and Conflicts
Links for the day
IBM and Subsidiaries Sued for Ageism (Not Just for Racism)
This is already being discussed
UEFI is Against Computer Security, Its True Goal is to Curtail Adoption of GNU/Linux and BSDs on Existing or New PCs
the world is moving away from Windows
[Meme] Chat Control (EU) is All About Social Control
It won't even protect children
EFF Not Only Lobbies for TikTok (CPC) But for All Social Control Media, Irrespective of Known Harms as Explained by the US Government
The EFF's own "free speech" people reject free speech
Microsoft's Search (Bing) Fell From 3.3% to 1% in Turkey Just Since the LLM Hype Began
Bing fell sharply in many other countries
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Thursday, June 20, 2024
IRC logs for Thursday, June 20, 2024
The Real FSF Lost Well Over a Million Dollars Since the Defamation Attacks on Its Founder
2020-2023 income: -$659,756, -$349,927, -$227,857, and -$686,366, respectively
The Fake FSF ('FSF Europe') Connected to Novell Via SUSE, Not Just Via Microsoft (Repeated 'Donations')
'FSF Europe' is an imposter organisation
Just Less Than 3 Hours After Article on Debian Suicide Cluster Debian's Donald Norwood Recycles a Fortnight-Old 'Hit Piece'
The fall of Debian is its attack on its very own volunteers
IPFS censorship, Edward Brocklesby & Debian hacker expulsion
Reprinted with permission from disguised.work
Links 20/06/2024: Dumbphone Experience and Bad Encryption
Links for the day
Official Project Gemini news feed — Five years of Gemini!
the official statement
Ultimate Judgment: the Debian Suicide Cluster
Reprinted with permission from Daniel Pocock
Links 20/06/2024: Bruce Schneier Adds Moderation Policy, FUCKSHITUP Can't Be Trademarked in the US
Links for the day
Mass Layoffs Happening in IBM Subsidiaries, Almost No Media Exists Anymore (to Cover That)
They can drive people out with R.T.O. of lay off in small batches to prevent any media scrutiny
Linux Months-Old News (LWN Uncorrected)
They could at least update the original
Links 20/06/2024: Trying to Maintain Health and the Implosion of LLM Bubble/Hype
Links for the day
Microsoft's Bing Share in Canada Has Only Decreased Since the LLM Hype ("Bing Chat")
According to statCounter
Gemini Links 20/06/2024: Golden Ticket and Looking for Web 1.0 Communities
Links for the day
Not Even TRYING to Compete With Microsoft
CMA (UK) ought to step in and investigate why Canonical (UK) refuses to even compete
Poul-Henning Kamp: Why Freedom in 'FOSS' Matters
Openwashing is more widely recognised as a growing problem
[Meme] EU Chat Control: The Problem is Too Much Privacy???
So what's with GDPR then? The EU is contradicting itself!
Lithuania: GNU/Linux Usage Climbs to Highest Level in Years
consistent abandonment of Microsoft
"Remarkably Little Had Changed."
Black or African American not even mentioned
This Week Fedora Celebrates Diversity, But It is Pushing Proprietary Software and Censorship
IBM openwashing, perception management, and reputation laundering gone awry?
Rumours That Nat Friedman (CEO) Was 'Fired' by GitHub/Microsoft
"Microsoft Refused to Fix Flaw Years Before SolarWinds Hack"
linuxsecurity.com: A Step in a Positive Direction
We hope that Guardian Digital and linuxsecurity.com will rectify the matter and persist with real articles
Links 20/06/2024: Somali Piracy Surges, Juneteenth Discussed
Links for the day
Gemini Links 20/06/2024: Gemini is 5 Today (Still No Gemlog Entry From its Founder)
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Wednesday, June 19, 2024
IRC logs for Wednesday, June 19, 2024