How's about backing up your pension fund with 2.5 million barrels of aging whisky?

on 02/07/10 at 4:12 pm


Maker of Johnnie Walker shores up their retirement plan with barrels of booze. What whisky will not cure, there is no cure for, goes an old saying. Does that apply to a pension deficit?

Diageo PLC, maker of Johnnie Walker blended whisky and Talisker single-malt scotch, is about to find out.

The global drinks giant said Thursday that it would help cure its £862 million pension deficit by transferring 2.5 million barrels of aging whisky to its pension fund, as part of a 10-year funding plan approved by the trustees of its U.K. plan.

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