cost-of-living adjustment

(redirected from Cost-of-Living Increases)
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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 ?
5 percent cost-of-living increase during the upcoming school year and again in the 2015-16 school year.
To be introduced to Parliament this week, the amendments will ensure government and nongovernment providers can make fee adjustments reflecting income from CRA, as well as cost-of-living increases.
not receive cost-of-living increases unless teachers do will "create a train wreck at Town Meeting" and show residents "that we will fight back with every political tool we can use.
The labor organization also noted that many wealthy countries are being forced to reduce retirement benefits to maintain the financial viability of their systems, either by raising the age at which benefits can be collected, requiring more years of work to qualify for certain benefits or reducing the generosity of cost-of-living increases for retirees.
As for the pay claim, there already have been news reports that Jones received at least one merit increase and three cost-of-living increases in less than two years.
Tax rate brackets, standard deductions, personal exemptions and several other amounts are adjusted annually for cost-of-living increases.
More important, the government's data--the GNP figures, unemployment figures, balance of trade figures, and inflation figures--trip other fiscal wires, from stock and bond prices to cost-of-living increases for retirees.
Soojian said town officials anticipate the financial savings from increased employee contributions to health insurance will far exceed the impact of the cost-of-living increases.
City leaders have signed off time and again on DWP employee contracts that award lavish raises far beyond cost-of-living increases and above those given for comparable municipal jobs.
If there are problems, they can be fixed by minor tinkering with the retirement age, cost-of-living increases, and other tweaks.