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 ?
KOLA draws from thousands of the best educational and entertainment content available on the Internet.
KOLA has raised the bar when it comes to Internet safety by creating an environment where accountability is the standard.
Johnny Lindley, the current chairman of Corporacion Inca Kola, will be chairman of the new joint venture.
Caribe was also, like Kola, essentially privately funded, but more Caribbean and Canadian in focus than "Pan-African.
KOLA will continue its tradition as a forum for new and traditional forms of writing in the Diaspora.
Major organization : VY Ei ODBORNEu KOLA A STREDNEi ZEMEDELSKEu KOLA (61664651)
Kola served on the Genomics Advisory Board of SK Pharmaceuticals from 1994 to 1998 before assuming his current position of Vice President of Research and Global Head: Genomic Sciences and Pharmacogenomics at Pharmacia.
When the editor and contributors to KOLA sat down to launch this periodical, many suggestions for titles, themes and an appropriate name to encapsulate our thoughts into a meaningful whole, were offered.
Puma will use the proceeds from this private placement for continued drilling on the East Pansky Platinum Group Elements property located on the Kola Peninsula in Western Russia.
Amino acids L-lysine, L-proline and L-arginine plus the herb gotu kola help stimulate and maintain the body's production of collagen and facilitate soft tissue repair.
KOLA has just passed its tenth year of publication and the editors would like to see it become an institution.