If you are a PERF or TRF member applying for retirement benefits, this option is available to you. With this option you may leave your defined contribution (DC) account invested with PERF/TRF. When you decide to do this, you delay distribution of your DC balance. IRS regulations require distributions by April 1 of the calendar year after you turn age 70 1/2. Your funds remain invested according to your directions until you choose to receive them. At a later date, you may choose one of the other options listed.