Payment of death benefits will begin within a reasonable time after the Fund Office receives your death certificate. If the designated beneficiary is your spouse, your spouse may defer payment until the later of:
- December 31 of the calendar year immediately following the calendar year of your death; or
- December 31 of the calendar year in which you would have reached age 70½.
If you have a designated beneficiary other than your spouse, your beneficiary may begin to receive payments by the December 31 of the calendar year immediately following the year of your death, if the beneficiary makes this election by September 30 of the calendar year of the distribution. Your beneficiary may elect to delay receiving the benefit until later, but in no event later than the December 31 of the calendar year containing the fifth anniversary of your death.