On or after January 1, 1976, upon the death of a pensioner within 60 days following the effective date of retirement who had not made an effective election of an option, and who:
the ordinary death benefit shall be paid to his designated beneficiary as provided in sections 60 (a) and 360 (a) of the Retirement and Social Security Law.
N.Y. Comp. Codes R. & Regs. Tit. 2 § 322.2