25.3(1)Subject to subsection (2), if a member who is entitled to withdraw contributions and interest from a pension fund under the exemption in section 25.2 does not do so and transfers the fund’s assets to a locked-in retirement account referred to in paragraph 20(
a), the Superintendent may authorize the member to withdraw an amount from the account if the Superintendent is of the opinion that it is not reasonable to transfer the assets back to the pension plan.