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The Variable Annuity Pension Plan (VAPP) is now the Milliman Sustainable Income PlanTM (SIP).
The variable annuity pension plan (VAPPs) design combines features from traditional defined benefit plans along with features from defined contribution plans. This infographic illustrates specific retirement plan sponsor needs that VAPPs help address.
Our "Variable annuity pension plan reading list" also provides more perspective from Milliman consultants.
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Milliman infographic: Variable annuity pension plan