COVCOMP(BirthYear, CalcYear, RoundType, CalcType, LookupType, Projection):

• BirthYear: enter the year of birth as a 4-digit year.
• CalcYear: enter this too as a 4-digit year.
• RoundType: (optional) enter a rounding type based upon the following:
  
  
  • Next-lowest $12 (standard): enter 0 or leave blank.
  • Nearest $600: enter 1
  • Nearest $3,000: enter 2
  • Unrounded: enter 3.
• CalcType: (optional) enter a calculation type based upon the following:
  
  
  • Post-TRA (standard): calculates average to the year of Social Security Retirement Age, enter 0 or leave blank.
  • Pre-TRA: calculates average to Age 65, enter 1.
  • Transitional: calculates average to the year before Social Security Retirement Age, enter 2.
• LookupType: (optional) enter a calculation type based upon the following:
  
  
  • Year of Birth (standard): lookup amount using the year of birth, enter 0 or leave blank.
  • SSRA: lookup amount using Social Security Retirement Age, enter 1.
  • Fixed Age: lookup amount using using other fixed ages, enter the age.
• Projection: (optional) to determine Covered Compensation based upon projected Taxable Wage Base values beyond those that are known as of the calculation date, enter a percentage or the decimal equivalent of the projection rate here.
• LawYear: (optional) enter law year, as a 4-digit year.