cost-of-living adjustment

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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.

References in periodicals archive ?
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.
4% cost of living increase in December 2010, compared to December 2009, saying this increase is skyrocketing.
It is regrettable that it took so long for the company to agree to pay this cost of living increase.
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.
We can spend an extra pounds 6m for a cost of living increase of 3.
But NIPSA insists it wants to negotiate the 2003 pay deal, which did not give them a cost of living increase.
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.
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.
It's been clear over the last decade that there is a regular cost of living increase between 4.
The arbitrator awarded a cost of living increase of 3 percent the first year of the contract and of 2 percent each of the following two years.
Green, however, argued that the cost of living increase was far less than the 5.
Additional available riders include a Restoration of Benefits rider, a Nonforfeiture Benefits rider, a Cost of Living Increase rider and Automatic Increase Benefits for inflation protection.