I'm sure it depends who administers your 403b and what type of funds you have the money in. Most likely, it's like any retirement account. It doesn't get"distributed" until you decide to take some money out or sell the shares yourself.

How a 403B retirement plan is paid out after retirement?

I have several of these from previous employers. I've read over the contracts and it seems that after retirement they are paid out as annuities.
If this is true, I'd prefer to rolloever into IRA's so I have more control over how they will be paid out in retirement.
Am I understanding this correctly?
Thanks in advance.