105. The amount of the pension paid under a pension plan governed by this Act and purchased with amounts transferred, even otherwise than under this chapter, shall be determined on the basis of the assumptions referred to in section 61 which, at the date of determination of the pension, are used to determine the value of other pension benefits to which section 60 applies and which are vested on that date. In the case of a target benefit plan, the assumptions to be used are those determined by regulation.
The pension shall have the same characteristics as the normal pension, except the pension supplement provided by the plan for the payment of a minimum normal pension.
This section does not apply to a pension purchased with amounts transferred under section 106.
1989, c. 38, s. 105; 2000, c. 41, s. 66; 2020, c. 30, s. 331.