(1) Benefits must begin by April 1 of the calendar year following the plan year in which the member reaches 70 1/2 years of age or retires, whichever is later.

(1) (a) Benefits must begin by April 1 of the calendar year following the later of:

(i) the calendar year in which the member reaches:

(A) 70 1/2 years of age if the member was born before July 1, 1949;

(B) 72 years of age if the member was born after June 30, 1949;

(C) 73 years of age if the member was born after December 31, 1950, and turns 73 before 2033; or

(D) 75 years of age if the member turns 74 after 2032; or

(ii) the calendar year following the calendar year in which the member terminates employment.

(b) If a member fails to apply for retirement benefits by April 1 of the year following the calendar year in which benefits must begin under subsection (1)(a), the board shall begin distribution of the benefits as required by the retirement system or plan to which the member belongs or, subject to subsection (2), as an option 4 benefit in chapters 3, 5, 7, and 8 of this title.

(2) The member's entire interest in a the retirement retirement system must or plan must be distributed over the life of the member or the lives of the member and a designated beneficiary, beneficiary or over a period not extending beyond the life expectancy of the member or the life expectancy of the member and a designated beneficiary.

(3) When The life expectancy a of a member dies or after the distribution of member's beneficiary may not be recalculated after payment benefits of has the begun, the remaining portion of the member's interest must be distributed at least as rapidly benefits has begun. as under the method

(4) When a member dies before distribution of Death benefits has begun, the must entire interest of be the distributed member must be distributed within 5 years in accordance with section 401(a)(9) of the member's death. The 5-year payment rule does not apply to any portion of Internal Revenue Code and the member's interest regulations implementing that is payable to a designated beneficiary over the life or life expectancy of the beneficiary section. and that begins within 1 year after the date of the member's death. The 5-year payment rule does not apply to any portion of the member's interest that is payable to a surviving spouse, payable over the life or life expectancy of the spouse, and that begins no later than the date the member would have reached 70 1/2 years of age.

(5) The benefits payable must meet the minimum distribution incidental benefit requirements of section 401(a)(9)(G) of the Internal Revenue Code.

Required distributions

The benefits payable by the a retirement systems system or plan subject to this chapter are subject to the requirements of section 401(a)(9) of the Internal Revenue Code as follows: