Barlow Pension

"Barlow Pension Fund" Barlow as a company have been in existence for more than 100 years. During this period Barlow had a pension fund that they owned but was administered. I worked for Barlow in their motor division in a senior manager position. On leaving the company at the time I only received my portion of the pension paid into the fund. At the time the employee paid 1 portion and the employer contributed 2 portions to the fund. and the law at that time stated you were only entitled to your contribution. The years ticked by and the then minister Provin Gordhan stated that the companies had to pay to the employees that left the company for whatever reason the company contribution as that money was part of the employee earning. In a mad scramble Barlow paid people that they could trace a portion of the contribution made. That nobody did a calculation to check this is amazing as there must have been many hundreds of thousands of people that received payments. To make it seem legal they developed a formula based on 1% salary increase a year and on this formula was paid roughly 10% of what should have been earned should the money been invested in a bank or finance company. It was a very shrewd move and the then Barlow pension company formed a new provident fund for their employees and people that were actively on monthly pensions with Old Mutual. The existing Barlow pension fund they declared insolvent and Barlow appointed a little company in Mowbray, Cape Town, "Nolands Forensics" to administer trace and pay any employees they could trace. They were paid something like R250,000,000-00 to pay any employees they could trace. Imagine my joy when I discovered I was eligible for a payout. They actually paid me using their formula but out of the money paid they still owe me more than a million Rand I have been shunted from pillar to post in the saga, from the CEO of Barlow World to the actuary and they are adamant they have paid me everything owing me even though my calculation shows that at 11% interest they still owe me more than a million Rand. I believe this is the biggest white collar crime this country has ever experienced and the strange part is nobody has ever seen or taken note of it. Every pension fund or scheme did exactly the same thing declaring their pensions insolvent, submitting nil bonifides to the receiver of revenue and then making the monies vanish to avoid paying beneficiaries.