"[Treasury Regulation] Section 1.401(l)-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.... For purposes of determining covered compensation for the 2012 year, the taxable wage base is $110,100. The following tables provide covered compensation for 2012."  MORE >>