IRS issues covered compensation tables for 2020 | Wolters Kluwer Legal & Regulatory

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By Pension and Benefits Editorial Staff

The IRS has released tables for determining employees’ covered compensation for the year 2020. The tables are used by administrators of pension plans that provide for permitted disparity and, thus, integrate participants’ final pension benefits with their estimated social security benefits. Rounded compensation tables are also provided.

Source: IRS Rev. Rul. 2020-2.

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