cost-of-living adjustment

(redirected from Cost Of Living Adjustment)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia.
Related to Cost Of Living Adjustment: inflation rate, Cost of living index

Cost-of-Living Adjustment

An increase to a wage, salary, or pension designed so that the real value remains the same. That is, a cost-of-living adjustment increases the underlying wage, salary, or pension so that it keeps pace with (but does not run ahead of) inflation. Federal pensions and Social Security include cost-of-living adjustments, though few other pensions do.

Cost-of-living adjustment (COLA).

A COLA results in a wage or benefit increase that is designed to help you keep pace with increased living costs that result from inflation.

COLAs are usually pegged to increases in the consumer price index (CPI). Federal government pensions, some state pensions, and Social Security are usually adjusted annually, but only a few private pensions provide COLAs.

cost-of-living adjustment (COLA)

A change in payments, such as rent in subsidized housing, based on a change in the index that measures inflation.

References in periodicals archive ?
Work session on possible geographic adjustments to transportation systems development charge, and proposed cost of living adjustment to parks systems development charge.
The Runner bill doesn't change that revenue limit amount assigned to each school district; rather, it changes the cost of living adjustment that each district receives from Proposition 98 funds.
Additionally, employees were awarded the first cost of living adjustment (COLA) since fiscal 2002.
Those seniors who are living on the margin would have most of their cost of living adjustment eaten up by the increase in premiums for prescription drugs, and for most seniors, that would be automatically taken from their Social Security check.
The fiscal 2007 budget is balanced, provides a modest 3% cost of living adjustment (COLA) effective mid-year, and authorizes additional staff for its county jail and juvenile probation operations.
This contract protects wages for our existing employees, preserves Cost of Living Adjustment (COLA) payments and maintains excellent health care benefits for both our active and retired members," said USW-BFGoodrich coordinator Larry Jackson.