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 ?
At the very least, he added, eIuwe must do everything we can to make sure that every senior citizen and disabled veteran in this country receives a fair cost-of-living adjustment to keep up with the skyrocketing cost of prescription drugs and health care.eIN
The first is the announcement of the cost-of-living adjustment, if any, for Social Security beneficiaries in the coming calendar year.
675, the Veterans' Compensation Cost-of-Living Adjustment Act (DAV Res.
The cost-of-living adjustment would be modified equal to inflation minus 1 percent.
108-147,the Veterans' Compensation Cost-of-Living Adjustment Act of 2003.
1131--the Veterans Compensation Cost-of-Living Adjustment (COLA) Act--would authorize a COLA equal to the Social Security adjustment of about 2%.
Under the trust provisions, the surviving spouse was to receive $100,000 per year for life, plus a possible cost-of-living adjustment. However, the court limited the surviving spouse's marital deduction to the stated annuity payment; in accordance with Regs.
Seniors, Hug said, "have high prescription drug costs that are not covered by the Medicare," and their automatic Social Security cost-of-living adjustment has been offset by higher Medicare premiums.
The Guaranteed 3% COLA For Seniors Act would guarantee every senior a reasonable Social Security cost-of-living adjustment (COLA) with an annual floor of no less than 3 percent.
Avery Frix, R-Muskogee, would give a permanent 4 percent cost-of-living adjustment to all retirees of the Teachers' Retirement System of Oklahoma, Oklahoma Firefighters Pension and Retirement System, Oklahoma Police Pension and Retirement System, Uniform Retirement System for Justices and Judges, Oklahoma Law Enforcement Retirement System and Oklahoma Public Employees Retirement System.
Mike Bost (IL-12) to provide a cost-of-living adjustment to veterans.
The annual cost-of-living adjustment, or COLA, is based on a government measure of inflation that was released Wednesday.