Revenue Ruling 99-47

26 CFR 1.401(I)-1: Permitted disparity in employer-provided contributions or benefits.

Covered compensation tables for 2000. The covered compensation tables for the year 2000 used for determining contributions to defined benefit plans and permitted disparity are set forth.

This revenue ruling provides tables of covered compensation under section 401(1)-(5)(E) of the Internal Revenue Code (the "Code") and the Income Tax Regulations, thereunder, for the 2000 plan year.

Section 401(1)(5)(E)(i) defines covered compensation with respect to an employee, as the average of the contribution and benefit bases in effect under section 230 of the Social Security Act (the "Act") for each year in the 35-year period ending with the year in which the employee attains social security retirement age.

Section 401(1)(5)(E)(ii) of the Code states that the determination for any year preceding the year in which the employee attains social security retirement age shall be made by assuming that there is no increase in covered compensation after the determination year and before the employee attains social security retirement age.

Section 1.401(1)-1(c)(34) defines the taxable wage base as the contribution and benefit base under section 230 of the Act.

Section 1.401(1)-1(c)(7)(i) defines covered compensation for an employee as the average (without indexing) of the taxable wage bases in effect for each calendar year during the 35-year period ending with the last day of the calendar year in which the employee attains (or will attain) social security retirement age. A 35-year period is used for all individuals regardless of the year of birth of the individual. In determining an employee's covered compensation for a plan year, the taxable wage base for all calendar years beginning after the first day of the plan year is assumed to be the same as the taxable wage base in effect as of the beginning of the plan year. An employee's covered compensation for a plan year beginning after the 35-year period applicable under section 1.401(1)-1(c)(7)(i) is the employee's covered compensation for a plan year during which the 35-year period ends. An employee's covered compensation for plan year beginning before the 35-year period applicable under section 1.401(1)-1(c)(7)(i) is the taxable wage base in effect as of the beginning of the plan year.

Section 1.401(1)-1(c)(7)(ii) provides that, for purposes of determining the amount of an employee's covered compensation under section 1.401(1)-1(c)(7)(i), a plan may use tables, provided by the Commissioner, that are developed by rounding the actual amounts of covered compensation for different years of birth.

For purposes of determining covered compensation for the 2000 year the taxable wage base is $76,200.

     The following tables provide covered compensation for 2000:

                   2000 COVERED COMPENSATION TABLE

   CALENDAR               CALENDAR YEAR OF
    YEAR OF               SOCIAL SECURITY            2000 COVERED
     BIRTH                RETIREMENT AGE             COMPENSATION

     1907                     1972                     $4,488
     1908                     1973                      4,704
     1909                     1974                      5,004
     1910                     1975                      5,316
     1911                     1976                      5,664
     1912                     1977                      6,060
     1913                     1978                      6,480
     1914                     1979                      7,044
     1915                     1980                      7,692
     1916                     1981                      8,460
     1917                     1982                      9,300
     1918                     1983                     10,236
     1919                     1984                     11,232
     1920                     1985                     12,276
     1921                     1986                     13,368
     1922                     1987                     14,520
     1923                     1988                     15,708
     1924                     1989                     16,968
     1925                     1990                     18,312
     1926                     1991                     19,728
     1927                     1992                     21,192
     1928                     1993                     22,716
     1929                     1994                     24,312
     1930                     1995                     25,920
     1931                     1996                     27,576
     1932                     1997                     29,304
     1933                     1998                     31,128
     1934                     1999                     33,060
     1935                     2000                     35,100
     1936                     2001                     37,092
     1937                     2002                     39,072
     1938                     2004                     42,984
     1939                     2005                     44,940
     1940                     2006                     46,896
     1941                     2007                     48,816
     1942                     2008                     50,688
     1943                     2009                     52,488
     1944                     2010                     54,252
     1945                     2011                     55,992
     1946                     2012                     57,708
     1947                     2013                     59,376
     1948                     2014                     60,900
     1949                     2015                     62,340
     1950                     2016                     63,660
     1951                     2017                     64,920
     1952                     2018                     66,072
     1953                     2019                     67,164
     1954                     2020                     68,220
     1955                     2022                     70,116
     1956                     2023                     71,004
     1957                     2024                     71,820
     1958                     2025                     72,528
     1959                     2026                     73,176
     1960                     2027                     73,764
     1961                     2028                     74,304
     1962                     2029                     74,748
     1963                     2030                     75,180
     1964                     2031                     75,564
     1965                     2032                     75,864
     1966                     2033                     76,092
     1967 or later            2034                     76,200

                        2000 ROUNDED COVERED
                         COMPENSATION TABLE

                                                 Covered
  Year of Birth                                Compensation

     1934                                         $33,000
     1935 - 1936                                   36,000
     1937                                          39,000
     1938                                          42,000
     1939                                          45,000
     1940 - 1941                                   48,000
     1942 - 1943                                   51,000
     1944                                          54,000
     1945 - 1946                                   57,000
     1947 - 1948                                   60,000
     1949 - 1950                                   63,000
     1951 - 1953                                   66,000
     1954 - 1955                                   69,000
     1956 - 1959                                   72,000
     1960 - 1964                                   75,000
1965 or later 76,200

The principal author of this revenue ruling is Todd Newman of the Employee Plans Division. For further information regarding this revenue ruling, call (202) 622-6076 between 2:30 and 3:30 Eastern time (not a toll free number) Monday thru Thursday. Mr. Newman's number is (202) 622-8458 (also not a toll free number).