Retirement Savings Participant Decumulation Behavior

Nearly half of public sector employees are taking no action with their defined contribution plan funds once retired. Looking out ten years from general employees’ last contributions, 48% of plan participants had not taken any partial disbursements, and 72% had not taken any full disbursements. 

Retirement Savings Participant Decumulation Behavior analyzes the behavior of participants in public service retirement plans in the years after retirement, including how soon funds are decumulated, by what methods, in what amounts, how often, and how common it is for retirees to take no action.