notch baby

notch′ ba`by


n.
a person who was born in the U.S. between 1917 and 1921 and as a retiree received lower cost-of-living increases in Social Security than others after Congress readjusted Social Security benefits in 1977.
[1985–90; Amer.]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
References in periodicals archive ?
Take an average Notch Baby. Say he or she has paid in enough dollars, over fifty years, to pay a pension for two years, and his or her employers have matched that.