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Glossary of Social Security Disability Law Terms
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AIME: This is a dollar amount is used to calculate
your Social Security benefit if you have reached the age 62 or
have become disabled after the year 1978.
AME: The dollar amount used in calculating your
monthly Social Security benefit if you attained age 62 or
became disabled (or died) before 1978.
Actuaries: Professionals who analyze the financial
consequences of risk. Social Security actuaries make
projections about population, immigration, life expectancy,
economic growth, inflation and productivity growth.
Administrative Costs: The Social Security
Administration is known for having administrative costs of
well under one percent of total assets. Administrative costs
are the costs associated with running the program.
Annual Cost of Living Increase: Benefits increased
based on the cost of living and inflation.
Appeal: You always have the right to appeal (try to
change) the decision of the Social Security department when a
decision is made that affects your benefits.
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