Using Final Average Earnings Results

Typically, you reference the average earnings result from the benefit formula.

If you choose to apply a 401(a)(17) limit, or any other earnings limit, the final average earnings function produces a limited result and an unlimited result. The function result name represents the limited result, and you can set up an additional alias to reference the unlimited result. You can use this if you sponsor a nonqualified supplemental plan that pays the difference between a limited and an unlimited benefit.

Although this function result alias is not required, the calculation issues a warning if there isn't one. PeopleSoft suggests that you define a function result alias even if you do not use it.