(a) A retiring member must file a selection of a standard annuity or an optional allowance on or before the date of retirement, unless the system has previously issued written notice of an extension of the filing deadline. Failure to comply with this requirement will cancel the retirement application.
(b) A retired member who requests a change of beneficiary designation as provided by §814.008, Texas Government Code, must designate a new beneficiary at the time the request is made. Failure to comply with this requirement will cancel the request. A retired member who has changed an annuity selection after retirement is not eligible to designate a new beneficiary as provided in this subsection.

Source Note: The provisions of this §73.1 adopted to be effective September 21, 1981, 6 TexReg 3427; amended to be effective January 9, 2000, 24 TexReg 12072