The Golden Retirement of Swissair Employees

Open a financial newspaper tomorrow and you will not be surprised to read about a retirement fund in trouble - either because the company is going bankrupt or because the fund is no longer large enough to support a growing number of retirees. Surprisingly, this is not the case at Swissair. Swissair’s retirement fund is detached from its former company, and while the fund keeps growing, the number of retirees drawing from it keeps shrinking. This is good news for…