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|Increased Flexibility Breathes Life Into a Longstanding Multiemployer Pension Plan Design|
Dec. 8, 2021
"Since [variable annuity pension plans (VAPPs)] were introduced in 1953, their appeal has been limited by the lack of design options and the volatility that participants experience in the event of negative investment performance. In 2014, the IRS issued regulations providing additional flexibility for VAPP designs. The regulations allow designs ... that provide a less volatile benefit to participants while continuing to offer better funding stability as compared to Traditional DB Plans."
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