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 ?
But it makes sense for women to cut back on cola if they drink it frequently.
For its El Nino and the Southern Oscillation program, COLA uses state-of-the-art coupled circulation models in an effort to determine the predictability of the climate phenomena known as El Nino and La Nina.
Federal civil service and military pensions had been indexed to the CPI in the early sixties, and many lawmakers saw COLAs as a way to compensate for rising inflation huge election-year benefit increases.
So taking the color out of cola creates a perception problem.
Autopsies revealed that the leg and spnal bones of the cola drinkers were as dense as those of the control rats.
According to Pepsi, the red, white and blue is back, with 38% of the cola market (compared with 78% in early 1996).