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

Links 23/05/2024: Apple Responds to Streaming Music Fine, DOJ to Sue Live Nation
Links for the day
Links 23/05/2024: UK General Election and Archival
Links for the day
[Video] 3 Major Issues in Nationwide, Including (Potentially) a Major Data Breach
'electronic-bank' security has become the joke of the town
[Meme] Pointing Out Corruption Isn't a "Hate Crime"
The European Commission's reflexive (re)action to any sort of doubt or criticism
More Evidence in "iLearn AI Day" (a Buzzwords Festival) That EPO Intends to Eliminate Staff and Deviate Further Away from Fairness, Law, and Constitutions (Including Its Own!)
The EPO is a very potent danger to Europe's unity and the very concept of lawfulness. It exists to serve international monopolists and patent lawyers.
Microsoft's Windows Has Fallen Below 3% in Democratic Republic of the Congo (100+ Million Citizens)
Microsoft's sharp fall in Congo
The Real Reason Censorship is Attempted Against Us (and Against Others Too)
Microsoft's Windows market monopoly was in trouble
You Are Not The Only One
Reprinted with permission from Cyber Show (C|S)
GNU/Linux in Monaco: From 0.3% to Almost 6%
Monaco is a small country
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Wednesday, May 22, 2024
IRC logs for Wednesday, May 22, 2024
Microsoft Has Lost Cote D'ivoire (Ivory Coast), Where Android Now Exceeds 60% of the Operating Systems' 'Market Share'
According to statCounter anyway
The Rumour Said Later Today Red Hat (IBM) Might Announce Layoffs
Let's see what happens later today (or next week)
Governments That Fail Journalism
Australia is known for giving us pure garbage like Rupert Murdoch
Windows Has Fallen From 'Grace'
When you tell people that Microsoft watches their every move in Windows many of them will freak out and ask for alternatives
Serbia: GNU/Linux at Almost 4% (or Beyond if ChromeOS is Counted)
considerable growth for GNU/Linux
Links 22/05/2024: China in Other Countries' Islands, Growing Threat of Piracy
Links for the day
Gemini Links 22/05/2024: Freedom Through Limitation, Cloud Photos
Links for the day
Canonical Supports Monopoly
more of the same
A farewell to Finland, an occupied territory
Finland, Finland, Finland
Links 22/05/2024: "Copilot+" as Mass Surveillance and Microsoft Defying Consent in Scarlett Johansson's Case
Links for the day
[Meme] Escalating After Failures
4 stages of cancel culture
Red Hat Had 2+ Days to Deny Reports of Impending Layoffs. But Red Hat Chose to Keep Silent.
Red Hat DOES NOT deny layoffs on the way
Microsoft-Connected Person Was Threatening to Sue Me and to Sue My Wife (Because His Feelings Were Hurt After Had He Spent More Than a Decade Defaming Me and Violating My Family's Dignity, Privacy)
litigation was chosen and we shall defend everything we wrote
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Tuesday, May 21, 2024
IRC logs for Tuesday, May 21, 2024
Attempts to Sink the Free Software Movement (Under the Guise of Saving It)
We can see who's being drowned
Czech Republic: Windows Down From 98% to 43%, GNU/Linux Rises to Over 3%
modest gains for GNU/Linux
Links 22/05/2024: Pixar Layoffs and More Speculation About Microsoft Shutdowns/Layoffs (Ninja Theory)
Links for the day
Microsoft-Connected Sites Trying to Shift Attention Away From Microsoft's Megabreach Only Days Before Important If Not Unprecedented Grilling by the US Government?
Why does the mainstream media not entertain the possibility a lot of these talking points are directed out of Redmond?
Gemini Links 21/05/2024: Caesar II for MS-DOS and Reinventing the Assertion Wheel
Links for the day
Internal Memos/Communications Hinting at "a New, But Masked, Round of Layoffs" at Red Hat
A negative outlook heads of a long weekend
Nigeria: Windows Down to 6%, Android at All-Time High of 77%
Google is becoming the "new monopoly" in some places
[Video] Microsoft's Attack on Education
Microsoft's cult-like activities and overt entryism
[Meme] Money In, No Money Out (Granting Loads of Invalid European Patents)
EPO production?
Staff Representation at the EPO Has Just Explained to Heads of Delegations (National Delegates) Why the EPO's Financial Study is Another Hoax
Here we are again 5 years later
Canonical and Red Hat Are Not Competing With Microsoft Anymore
What a shame they hired so many people from Microsoft...
Links 21/05/2024: "Hating Apple Goes Mainstream", Lots of Coverage About Julian Assange Ruling
Links for the day
Gemini Links 21/05/2024: Losing Fats and Modern XMPP
Links for the day
Microsoft Windows Used to Have Nearly 100% in China and Now Google Has 50% (With Android)
Will China bring about a faster "fall" for Microsoft?
Pursuing a Case With No Prospects (Because It's "Funny")
the perpetrators are taking a firm that's considered notorious
GNU/Linux Growing Worldwide (the Story So Far!)
Microsoft is unable to stop GNU/Linux
GNU/Linux in Honduras: From 0.28% to 6%
Honduras remains somewhat of a hotspot
Good News From Manchester and London, Plus High Productivity in Techrights
what has happened and what's coming
[Video] The 'Linux' Foundation Cannot be Repaired Anymore (It Sold Out)
We might need to accept that the Linux Foundation lost its way
Links 21/05/2024: Tesla Layoffs and Further Free Speech Perils Online
Links for the day
Gemini Links 21/05/2024: New Gemini Reader and Gemini Games
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Monday, May 20, 2024
IRC logs for Monday, May 20, 2024