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 ?
"The cost of living increases meet current and projected levels of Retail Price Index (RPI) and we have secured commitments to fully consolidate the living wage and maintain parity across the local government workforce.
"Whilst the offer does not make up for the many years of austerity, the provision of cost of living increases which meet current and projected levels of RPI (inflation) is welcome as are the commitments to fully consolidate the LivingWage and maintain parity across the local government workforce."
Calculating a cost of living increase should at least include a consultation with a "cost of living calculator" that is easily found from any reputable online finance source.
At the same time, a fifth of staff (21%) said they had not received a cost of living increase, and nearly two-thirds (63%) had only been offered a rise of up to 2%.
Article 3: As of 1/2/2012, the high cost of living increase is added to the wage remunerated on 31/12/2011, as follows: 1- An amount of 200,000 LL, added as per decree number 500/2008, is deducted from the wage; 2- The high cost of living increase is added to the amount as follows: -100% on the first bracket until an amount of 400,000 LL provided that the increase does not exceed 375,000 LL; -9% on the second bracket between 400,000 and 1,500,000 LL.
"In 2004, we cut all the allowances for senior councillors by 10% and have frozen all allowances most years ever since, except on two occasions when we accepted only a modest cost of living increase.
The cost of living increase registered in Bulgaria is unreasonably high even in times of crisis, according to the Confederation of Bulgarian Independent Syndicates, KNSB.
I can't remember receiving a base pension increase, only cost of living increase. What's worse is the mileage pay.
The board did report, however, that as to the authorization given by the 2004 assembly to grant a cost of living increase to pensions, pensions which have been in course of payment for at least one year to retirees, spouses and children will be increased by 1.6 per cent effective Jan.
The Florida Bar is supporting a substantial cost of living increase for the state's judiciary, which has had only one small raise in the past several years.
C) A Cost of Living increase uses a mutually agreed upon reference gauge, usually an accepted government index such as the Consumer Price Index (CPI) to determine the amount by which base rent will increase.
Most economists say that COLA has exaggerated the real cost of living increase and that getting that figure to reflect what it should would solve one-third of this whole problem.