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Improving Retirement Outcomes: Timing, Phasing and Benefit Claiming Choices

The Society of Actuaries’ Pension Section is pleased to make available a research report evaluating several of the more common retirement timing and claiming strategies using a retirement simulation model that incorporates investment, inflation, health and long-term care risks. The report was authored by Anna Rappaport, Vickie Bajtelsmit, and LeAndra Foster.

This report is a follow-up to the authors’ report, Measures of Retirement Benefit Adequacy: Which, Why, for Whom, and How Much?


Improving Retirement Outcomes: Timing, Phasing and Benefit Claiming Choices
Improving Retirement Outcomes: Report Summary


If you have any questions or comments regarding the report, please contact Steve Siegel, Research Actuary at

Thank You

The SOA’s Pension Section would like to thank the following individuals for their input on the project:

  • Cindy Levering, Chair
  • Andrea Sellars
  • Ann Bryant
  • Bill Roberts
  • Bruce Jones
  • David Driscoll
  • Dylan Porter
  • Eric Keener
  • Gavin Benjamin
  • Ian Genno
  • Joe Tomlinson
  • John Deinum
  • Kevin Binder
  • Kristin Gustafson
  • Andrew Peterson, SOA Staff Fellow
  • Steven Siegel, SOA Research Actuary
  • Barbara Scott, SOA Research Administrator