COLA

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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.

COLA

(pronounced like the beverage) See cost-of-living adjustment.

References in periodicals archive ?
Leisure manager Andrea Smith set Ellie the challenge of reducing her diet cola intake and increasing her water consumption.
The company said consumers are split between those who drink regular cola and those who drink diet cola, and believes this gives it an opportunity to expand the already burgeoning ready-to-serve drinks market.
Euromonitor foresees that the pursuit of healthier lifestyles will lead to a 12% fall in regular cola sales that will be more than compensated for by a 24% jump in diet cola sales.
I write as someone who spilt some diet cola on a painted table this week; 24 hours later, I looked at the table and it appeared to have been blow- torched.
Mike pulled it off with flying colors--shrinking from 212 pounds to 160--and placed second at this year's Old Man Bowl Jam, earning a three-liter of generic diet cola.
Bouchet's own version of the drink, My Cola Light, is the medium for a set of paintings (classified by the press release as "an interior cola sculpture") titled Long & Skinny, one of which is an enlargement of the nutritional information (riddled with zeros) found on the side of a diet cola can; the others depict logos complete with test-marketed names that convey no concrete information.
Rehr also took the opportunity to deliver a long valentine to the fading glories of Tab, a diet cola first introduced by Coca-Cola in 1963.
They're just like the fat lady who sits down to a 12-course double-sized meal and drinks diet cola to ``cut down on calories.
My report includes one hypertensive patient who had a complete heart block within hours after consuming his first diet cola.
Our study finds that the Diet Cola should be removed from the vending machine as it received the lowest percentage and should be replaced by Coca-Cola that received the highest percentage.
And to mix my own metaphors (in order to make a dramatic point later), are you really doing yourself a favour by drinking a diet cola alongside massive amounts of high calorie food?
Though he did say the next addition will be a diet cola.