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 Wages

In benefits plans, this represents the amount of employee wages or salaries used to calculate corresponding benefit amounts. For instance, pension calculations are typically based on salary and generally do not include other kinds of variable compensation (e.g., bonuses).
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Covered Compensation

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Credibility Percentage

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