cost-of-living adjustment

(redirected from Cost of Living Increases)
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Related to Cost of Living Increases: Cost Of Living Adjustment

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 ?
You can see we haven't been keeping up with others in our cost of living increases," Stewart said.
Dupre said the cost of living increases would not be funded by taxpayers, but achieved by the teachers as they agreed to take a half-year pay freeze to fund the increases.
In 1979, Californians passed an expenditure limitation law, Proposition 4, that effectively limited state spending increases during economic expansions to the sum of population growth and cost of living increases.
High cost of living increases were a very important upward pay pressure according to 32 per cent of manufacturers.
This tax will go up as the cost of living increases.
PHOTO (1 -- 2) Los Angeles County employees held a lunchtime protest Thursday, left, demanding raises for the almost 81,000 workers who have gone without cost of living increases for at least four years.
But despite those attacks, the idea of limiting the annual cost of living increases has attracted significant support among deficit hawks in Congress, just because the potential savings are so large.
Social Security accountants have said if the cost of living increases were trimmed by 1 percentage point annually, it would eliminate two-thirds of the deficit Social Security is currently facing.
Opponents also said the cost of living allowances are woefully inadequate, especially considering the employees have received only 35 cents a week over three years for cost of living increases.