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Social Security Act

The law that established the Social Security program, providing social insurance for retirement, disability, and survivor benefits.

Title II of the Social Security Act

The specific part of the Social Security Act that covers the Old-Age, Survivors, and Disability Insurance (OASDI) program, which pays monthly benefits to retired workers, their families, and survivors, as well as to disabled workers and their families.

Cost-of-Living Adjustment (COLA)

An annual increase in Social Security and Supplemental Security Income (SSI) benefits to offset the effects of inflation and maintain the purchasing power of benefits.

Secretary of the Treasury

The head of the U.S. Department of the Treasury, responsible for managing the government's revenue, currency, and finances.

Commissioner of Social Security

The head of the Social Security Administration, the independent agency that administers the Social Security program.

Budget Authority in Advance of Appropriations Acts

A legal provision that allows the government to incur financial obligations and make payments without requiring a specific annual spending bill (appropriation act) for those funds, often used for mandatory programs like entitlements.