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have full right to apply the provisions of the plan in such equitable manner as it determines. C. Workers' compensation benefits payable for reimbursement of medical expenses or medically related expenses shall not be considered herein. Where monthly income benefits under the workers' compensation law are converted to lump sum payments, the amount of monthly income attributed to such lump sum payment shall be the amount of monthly lifetime income which can be actuarially provided by such lump sum payment determined on the basis of the interest and mortality tables recommended by the actuary and adopted by the board of trustees for such purpose. 2.62.430 Death Benefits A. Funeral Benefits 1. There shall be paid upon the death of any active employee a funeral benefit in the sum equal to one month's base salary then in effect; 2. There shall be paid upon the death of an employee retired under Section 2.62.400 or Section 2.62.410, a funeral benefit in the sum equal to one month's base salary in effect at the time of death. } B. Lump Sum Death Benefit 1. The beneficiary of an active member of the fund who dies prior to becoming eligible for retirement under Section 2.62.400 or Section 2.62.410 shall be paid a death benefit of one hundred thousand dollars ($100,000); provided that such death benefit shall not exceed the incidental death benefit limitations of the Internal Revenue Code and the regulations thereunder. 2. The death benefit under this section shall be paid in a single lump sum, or in such other form as the board of trustees shall approve, as soon as practicable after the active member's death. 3. An active member shall designate his or her beneficiary in accordance with rules and procedures established, and upon forms provided, by the board of trustees. 4. The board of trustees may, but is not required to, purchase a life insurance policy to provide the death benefit under subsection B.1 Restated Police Pension Plan—City of University City Page 14