Sep 5th, 2014

SSA Terms and Definitions

Fred London Law 0 Comments Uncategorized

In the course of doing business with Social Security, you probably have come across more than a few acronyms or terms that left you scratching your head. For example: Your FICA (Federal Insurance Contributions Act) contributions aren’t the only factor to affect your OASDI (Old Age, Survivors, and Disability Insurance) payments and eligibility. You also must consider such items as insured status, month of election, and PIA (Primary Insurance Amount). Your protective filing date can make a difference as well. And each year the amount of your payment is subject to change as the CPI-W (Consumer Price Index for urban wage earners and clerical workers) brings about a new COLA (cost-of-living adjustment).

The Glossary Of Social Security Terms is available online at www.socialsecurity.gov/agency/glossary. There is also have an English to Spanish version of the glossary, available at www.socialsecurity.gov/agency/glossary/english-spanish-glossary.html. Also, check out the library of easy-to-understand publications at www.socialsecurity.gov/pubs. If you do encounter a word or phrase you don’t recognize, the place to go on Dictionary Day or any day is www.socialsecurity.gov/agency/glossary.

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