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from the United States government as a result of illness contracted or injuries sustained while in military service, may, at the option of the board of trustees, be required to waive any disability insurance payments under Section 2.64.420, which may be determined by medical examination to be due directly or indirectly to an injury or illness resulting from or growing out of military service of such applicant, but only to the extent of the amount of disability compensation received by the applicant from the United States government. 2.64.424 Reduction of Benefits for Compensation Under Workmen's Compensation Law If an employee or an employee's dependents are entitled to benefits under this chapter and likewise to benefits under the workmen's compensation law as the result of the same injury, the benefits payable under this chapter shall be reduced in the manner prescribed by the statutes of the state, and if there is no applicable statute, then the adjusted benefits as herein defined shall be reduced by the amount of the similar benefits paid under the workmen's compensation law. The adjusted benefits are the benefits under the plan multiplied by the ratio of the city's normal cost to the total contributions of the city and employees in the preceding fiscal year as computed by the actuary. The board of trustees shall have full right to apply the provisions of the plan in such equitable manner as it determines. 2.64.430 Death Benefits A. If the membership of an employee is terminated by reason of death prior to the member's normal retirement age and the member's retirement date, the amount of the employee's accumulated contributions shall be payable in a lump sum to the employee's designated beneficiary, plus a death benefit of one hundred thousand dollars ($100,000.00) payable as provided under the terms and conditions of a standard term life insurance policy if approved by the city manager and purchased with funds in the nonuniformed employees retirement fund, and if the city manager has elected not to purchase such a policy, the death benefit shall be payable from the nonuniformed employees retirement fund to the extent payment would be made under a standard term life insurance policy. B. If the membership of an employee is terminated by reason of the member's death after the member's normal retirement age but prior to the member's actual retirement,the member's accumulated contributions shall be payable in a lump sum to the member's designated beneficiary. If the deceased member's designated beneficiary is his or her surviving spouse, they may elect to receive in lieu of the member's accumulated contributions a pension payable for life computed as if a member had retired on the day of the member's death and had elected the optional form of pension set forth in Section 2.64.515. Restated Nonuniformed Pension Plan—City of University City Page 13