A place where all things whisk(e)y and beyond are discussed
Thursday, July 1, 2010
Pension paid in Scotch?
Today's New York Times has an article on Diageo's new way of funding its pension plan - using whisky still maturing in distilleries. The company transferred about $650 million worth of Scotch to the pension company to be held as collateral. This is quite an innovative way to plug funding gaps, however, I am not sure how many people will want to receive Scotch as pension in their retirement.