A VAPP By Another Name

Lately, it seems that defined contribution plans such as 401(k)s have overshadowed the more traditional defined benefit pension plans. In the former, of course, employees have to contribute money and make investment decisions, whereas for the latter it’s the employer who puts in the money and promises a fixed payout when employees retire.

But plan sponsors in search of a more secure, less risky retirement plan might want to consider the Milliman Sustainable Income Plan (formerly known as the Milliman Variable Annuity Pension Plan).
Source: FA Magazine

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