Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Covered Compensation

The foundation for integrating pension plan with Social Security benefits. The IRS defines it in its regulation as, the average of the 35 years of Social Security wage bases up to and including the year an employee reaches the age of eligibility (retirement).
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Coverage Rules

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Covered Wages

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