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 ?
How can cola addicts kick the habit and stay away from it?
Cola is the dominant flavor among carbonated beverages.
Automatic COLAs always have been relatively rare in private-sector plans, says John Ehrhardt, a New York-based Principal at consultant Milliman, Inc.
Recent studies suggest that diet and decaffeinated cola beverages along with sugar sweetened colas may be a risk factor for lower bone mineral density, especially in women.
And COLAs are wasteful because Uncle Sam gives them to people who don't need the money.
As a start, they could vow not to accept any COLAs on the already generous pensions that they will collect from Uncle Sam.
Over the last three years the company has created four new products in the cola category: Diet Coke with Lemon, in 2001; Vanilla Coke and Diet Vanilla Coke, both in 2002; and the introduction earlier this year of Diet Coke with Lime.
While few people bother to question it anymore, the illogic of COLAs is three-fold.
A 12-ounce can of a non-diet cola has about 10 teaspoons of sugar and 150 calories.
One, they are not applied year after year to a base pension figure but instead are compounded year after year - piling COLAs on top of COLAs.
Owing to this exponential progress Coca Cola has continuously enlarged its brand portfolio in Pakistan.
Women who want strong bones may want to keep their cola consumption to a minimum, a new study suggests.