covered compensation
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 401 — for purposes of this title
The term “covered compensation” means, with respect to an employee, the average of the contribution and benefit bases in effect under section 230 of the Social Security Act for each year in the 35-year period ending with the year in which the employee attains the social security retirement age.