Setting Up Multiple Function Results

All the reasons for setting up multiple benefit formula function results are about seeing before and after values, rather than just presenting a final amount without the intermediate values. For example, you can create separate function results to show benefits before and after applying:

• Vesting

• Early or late retirement factors

• A QDRO offset

Contributory plans offer another reason for setting up multiple benefit formula results. You set up one function result for the total benefit and another for the employer-paid portion of the benefit. By law, you can only apply vesting rules to the employer-paid portion. You then need a third function result that adds the employee-paid benefit back to the employer-paid portion after you apply vesting.

In certain cases you can use a standalone custom statement, rather than an additional benefit formula function result. Use the benefit formula if you want to:

• See the intermediate results (the system doesn't show you results of standalone custom statements).

• Feed through to optional forms so you can pay employees based on that amount.

Note:

When you use multiple function results, enter useful descriptions so that users can understand what each value represents.