2.124.2420   Time for exercising option.
   Such election, revocation or change of election shall be made prior to the making of the first payment on account of any retirement allowance. If the member dies after the effective date of retirement, and with respect to Option 1, after his or her retirement has been approved, and within thirty (30) days from the date upon which his or her election or changed election is made, his or her election is of no effect and if no part of the allowance of the member is automatically continued by this chapter, after his or her death and regardless of election as to options, his or her death shall be considered as that of a member before retirement. (Prior code § 34.15.1502)