Can stabilized variable annuity pensions deliver a better way to save for retirement?
The Stabilized Variable Annuity Pension Plan (VAPP) is now the Milliman Sustainable Income Plan™ (SIP).
The Milliman Sustainable Income Plan™ (SIP) is a retirement plan that stays fully funded in all market conditions, has predictable contribution requirements and balance sheet stability, and provides lifelong, inflation protected income to retirees. It eliminates the difficulties of trying to get employees to contribute to their own retirement success and reduces workforce management issues that come up when too many participants retire in rising markets and too few retire in falling markets.
This article was first published in workspan, the magazine of WorldatWork.
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Can stabilized variable annuity pensions deliver a better way to save for retirement?
The stabilized variable annuity pension plan is a retirement plan design that solves both the human resource and finance needs of plan sponsors while providing retirement security for plan participants.