The Variable Annuity Pension Plan (VAPP) is now the Milliman Sustainable Income Plan^TM (SIP).

Variable annuity pension plans (VAPPs) provide secure, lifelong, inflation-protected retirement benefits. VAPPs combine the best of what traditional defined benefit plans do regarding longevity protection and lifelong income and what defined contribution plans can do to combat inflation. In this presentation, I explain the advantages for retirees of VAPPs compared with these more traditional plan structures.