The Milliman Sustainable Income Plan™ (SIP) is an innovative retirement plan design, combining the benefits of a defined benefit (DB) plan and a defined contribution (DC) plan. It provides the best of both worlds.
- Stable, predictable contributions (balance sheet stability)
- By design, benefits stay fully funded in all market conditions
- Maximizes benefit provided per dollar of contribution
- Effective workforce management lever
- Recruitment and retention tool
- Lifelong retirement income
- Benefits that increase with good investment returns – even in retirement
- Mitigates market risk
- Professional asset management
- Doesn’t depend on individual saving behavior
The SIP is a smarter way to balance risks between plan sponsors and employees. It’s the first plan design that aligns the objectives of finance and human resources.