From the New York Times:

Diageo said Thursday it would transfer ownership of £430 million, or $645 million, worth of whiskey to a pension funding partnership. Diageo employees would not receive their pensions in whiskey rather than cash, but the move does give them a guarantee that they would not walk away empty-handed should the company default.

I like the idea. U.S. Automakers might have been able to do this with their pensions. Give the pension fund a few Corvettes to sell instead of going bankrupt?