15.3.1. In the case of a target-benefit plan, where section 15.3 applies, the pension committee must also determine, as at the date of payment of the early benefit, a negative target pension.
The provisions of section 54.2 apply, with the necessary modifications, where the negative target pension is determined.
In addition, where payment of the retirement, disability or replacement pension begins, the target pension must be reduced by the negative target pension referred to in section 54.2 or, if payment of the pension begins on a date other than that of the normal retirement age, by a sum equal to the negative target pension.
308-2022O.C. 308-2022, s. 151.