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

Prescription Drug Plan

A plan that provides for coverage of prescription medications.

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Prescription Drug Formulary

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Cost of Living Allowance (COLA) Graded Premium Whole Life Insurance Certificate of Assumption Scope Data Personal Producing General Agency (PPGA) System Relation of Earnings to Insurance Clause Current Assumption Whole Life Insurance Slotting Continuous-Premium Whole Life Insurance Cost of Living

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Common Compensation Terms and Formulas - January 2026

Includes the latest updates: Compensable factors, defined benefit plan, job leveling, lead differential, shift differential and more.
Salary structure formulas and strategies

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