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Glossary of Social Security Disability Law Terms
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Legal Glossaries Main Page
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Child: May include biological children or any
other child who can inherit your personal property under
State law or who meets certain specific requirements
under the Social Security Act.
COLA: Cost of Living Adjustment. Social Security
benefits and Supplemental Security Income payments are
increased each year to keep up with inflation.
Computation Years: Computation years are the
years with highest earnings selected from the "base
years."
CPI: Consumer Price Index. An index prepared by
the U. S. Department of Labor that charts the rise in
costs for selected goods and services. This index is
used to compute COLA increases.
Carve out: Redirected payroll taxes that were
going into the Social Security system and are now going
into private retirement accounts. The money is “carved
out” of the Social Security system and not available
to pay benefits for current retirees.
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