(a) Upon separation from service, but not later than 30 days after the close of the calendar year in which the participant separates from service, an irrevocable election may be made to have benefits commence at a fixed future time. The designation shall be made on a distribution request form and filed with the administrator.

(b) In the absence of an election within the prescribed time, benefits shall be paid in accordance with 4.1439.

History: Rule 11-87, eff 17 Jun 87.