cost of living adjustment


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Related to cost of living adjustment: inflation rate, Cost of living index

cost of living adjustment

Abbreviation: COLA
In determining Social Security payments and other financial benefits, a change in compensation based on the rate of inflation, as demonstrated by the U.S. Consumer Price Index.
See also: adjustment
References in periodicals archive ?
Goebel is asking the court to order future cost of living adjustments according to the pension plan.
The fiscal 2005 budget is balanced, and provides a 3% cost of living adjustment, defers consideration of any new position until September's mid-year review, and is based on preliminary TAV of almost $185 billion (up more than 4% from the previous year).
Labor relations are characterized as good; negotiations were recently settled for a 0% cost of living adjustment and an increase to health benefits.
7 million revenues and expenditures, with county commissioners deferring a 3% cost of living adjustment (COLA)to the start of fiscal 2005.
The fiscal 2004 budget is balanced, includes a 3% cost of living adjustment, maintains its current staffing levels, and projects a modest decline in sales tax receipts.
7 million revenues and expenditures with county commissioners deferring the consideration of any new positions or a cost of living adjustment until the September mid-year review.