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.