Direct rollover distributions of pretax amounts may be received by the retirement system as specified by the plan document, provided:
(A) Application shall be on a form provided by the retirement system; and
(B) Application shall be subject to determination by the retirement system that the transferring plan or account is eligible to rollover funds to the plan in which the member participates.
(C) Rollover distributions are initially invested in the "STRS Target Choice Option" with the earliest target date at the time of deposit. Members may reallocate the funds any time after the deposit is made.