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Today's Terms
Cost-of-living adjustments
Definition:
Each January, your benefits will increase automatically if the cost of living has gone up. For example, if the cost of living has increased by 2 percent, your benefits also will increase by 2 percent.
Maximum Benefit Period (Benefit Duration)
Definition:
This is the maximum length of time for which benefits are payable under the plan as long as the employee remains continuously disabled.
Outcome Payment System
Definition:
The system providing a payments under the Ticket to Work program to an employment network for each month, up to a total of 60 months, during which Social Security disability benefits and Federal SSI cash benefits are not payable to a beneficiary because of the performance of substantial gainful activity (SGA) or by reason of earnings from work.
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