Section 14-44-25 - Selection of payment options(a) The payment of benefits under the plan shall be made primarily for the benefit of the participant.(b) A method for payment of benefits shall be designated on the distribution request form from among the options available under the applicable investment product contracts, which may include: (1) Fixed payments over a period of time;(2) Annuity payments; and(c) The designation of the method for payment of benefits is irrevocable, unless modified at least thirty days prior to the date benefits are to commence.(d) In the absence of a designation within the prescribed time, benefits shall be paid in accordance with section 14-44-26.[Eff. MAY 12 1983] (Auth: HRS § 88E-3) (Imp: HRS § 88E-3)