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 ?

Work session on possible geographic adjustments to transportation systems development charge, and proposed cost of living adjustment to parks systems development charge.

Metro Roundup

Cost of living adjustments were the genesis of an impartial panel of 12 volunteers, called the Compensation Review Board, created in 1984 to advise on salary increases.

State lawmakers who voted to reject pay raises violated the law, judge rules Two former lawmakers seek back pay, likely opening legal door for others Pay

He noted that the United States grants retired public employees Cost of Living Adjustments (COLA) which are linked to CPIs or are fixed percentages of the monthly pensions.