cost-of-living adjustment

(redirected from Cost of Living Increase)
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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.

cost-of-living adjustment (COLA)

A change in payments, such as rent in subsidized housing, based on a change in the index that measures inflation.

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ATL said that while this does mark an improvement - in the past three years, pay has been frozen for around two in five teachers - only 1% of respondents received a cost of living increase that matched or bettered the Retail Price Index of 3.
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Dupre said the cost of living increases would not be funded by taxpayers, but achieved by the teachers as they agreed to take a half-year pay freeze to fund the increases.
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But NIPSA insists it wants to negotiate the 2003 pay deal, which did not give them a cost of living increase.
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At the UO, union employees agreed to no cost of living increase for two years and no step increase for one year as well as varying numbers of unpaid furlough days based on salary, resulting in a pay cut of about 3.
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In fiscal 2008, he seeks a $2,457 longevity payment and $2,457 cost of living increase to make his salary $127,775; in fiscal 2009, he seeks a $2,555 longevity payment and $2,555 cost of living increase to make his salary $132,886.
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Green, however, argued that the cost of living increase was far less than the 5.
Commissioners vote to give themselves, others a raise

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