Fox Niner it is indeed good news that your pension fund appears to be in such good shape. But the reality is that at current rates of return (interest rates is only one measure) KLM has a completely different challenge in funding your and future employees retirement. There is a cynical point of view that the pension promises made in the past were never really properly understood. As a member myself of an extremely good final salary scheme, I have always had a degree of doubt about how it will work out long term not least due to the more than ambivalent attitude of government towards direct and indirect taxation.