Benefits are limited as follows: [PL 1987, c. 256, §34 (NEW).] 1. One benefit only. A beneficiary may select only one benefit, regardless of how many benefits the beneficiary qualifies for; and [RR 2023, c. 2, Pt. B, §145 (COR).] 2. Election final. Except as provided in section 18403, subsection 4, and section 18553, subsection 8, if a beneficiary elects a benefit after receiving reasonable notification of available options from the retirement system, the beneficiary's election of a benefit is final and may not be changed or revoked at a later date. [PL 1991, c. 548, Pt. A, §3 (AMD).]
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