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Today's Terms
Partial Conservatorship
Definition:
This type of Conservatorship/Guardianship generally applies to the developmentally disabled and restricts the areas in which the Conservator/Guardian may act on behalf of the individual.
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.
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.
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