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Cost-of-living adjustment |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.13 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| District officials said the district was getting about 6 percent in cost-of-living adjustments, compared with about 4 percent last year. The House of Representatives, by a vote of 408-0, has passed an annual cost-of-living adjustment (COLA) for veterans and their dependents. 4% increase in their 2003 benefit payments from a year earlier as a result of the annual cost-of-living adjustment (COLA). |
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