COLA

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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.

COLA

(pronounced like the beverage) See cost-of-living adjustment.

References in periodicals archive ?
On Friday, May 3, the Central Taiwan Pingpu Indigenous Groups Youth Alliance released a statement in defense of Kolas Yotaka.
Kolas emphasized that while the legislation will be introduced within three months' time it must still receive majority support in the legislature to be made into law.
When asked by a reporter if a positive result on the referendum might mean the termination of Taiwan's membership with the IOC, Kolas replied 'That is not the result that we hope for.'
Whatever the result of the referendum, Kolas emphasized that the matter would be handled according to the law and would respect the wishes of the people of Taiwan.
Kolas said those who possess a Chinese residence permit could be deprived of certain civil rights in Taiwan, but emphasized that nothing has been decided as of now and that the government will collect public opinion before coming up with any measures.
Selection of a contractor for design and survey work on the project: reconstruction of the administrative building at 7 kolas street in oshmyany with conversion to the hostel 1 object (s)
Previous investigation at the Kola prospect had returned anomalous lithium results up to 1.1% Li2O from very limited sampling.