Hybrid regulations published in 2014 have paved the way for true retirement innovation that turns asset liability management on its head. New plan designs allow benefits to move up and down with market returns on the plan’s assets (even for retirees). Milliman has helped sponsors implement the Milliman Sustainable Income PlanTM (SIP) — a variation on the basic design that keeps liabilities and assets in balance while dramatically reducing the chance of retiree benefit decreases.
This article was originally published in Money Management Intelligence.