The Sfr1.09bn (€733m) public sector retirement scheme for the commune de Lausanne in Switzerland has outlined a raft of measures to tackle its pension deficit and increase its funding level to the legally-required minimum within three years.

The fund is proposing to sell off land and buildings, issue a 30-year bond to the municipal government and increase employee contributions in a bid to ensure the scheme is 60% funded by 2012, according to Mandatewire.