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 ?
Unfair because Cost of Living Adjustments insulate certain groups (those who get them) from the effects of inflation, while leaving others (those who don't) to bear its brunt.
And it should consider reducing cost of living adjustments and/or implementing a gradual phase-in of lower replacement ratios.
The settlement increases pay by about 9 percent over the contract term, including cost of living adjustments, and provides pension band increases of 2 percent in each year of the agreement, also with cost of living adjustments.
economic growth * Unfunded liability for Medicare drug benefit exceeds Social Security shortfall * Higher retirement age, lower cost of living adjustments among solutions
The other savings primarily reflect lower cost of living adjustments for military and civil service pensions.
Social Security cost of living adjustments in the 1990s have been rising at the slowest pace since Congress made the increases automatic 23 years ago.