An adjustment of wages or benefit payments to account for changes in the cost of living, generally based on changes in the Consumer Price Index (CPI).
An increase in a pension benefit, disability income benefit or life income benefit to compensate for an increase in the cost of living. See also indexation.----------[ Back
Annual cost-of-living adjustment in a claimant's basic compensation rate. This adjustment applies ONLY to Temporary Total Disability and Dependent Survivors' benefits and is paid ONLY for injuries/illnesses on or before June 30, 1993. There are NO COLAs for other types of workers' compensation benefits or for injuries/illnesses on or after July 1, 1993.
An increase in salaries to offset the adverse effect of inflation on compensation.
an incremental increase in an individual's monthly retirement benefit, granted to keep the retiree's benefits in line with inflation
a small incremental increase in retirement benefits, granted to retirees by a plan in an attempt to keep such benefits in line with inflation
a small incremental increase made to a retiree's monthly pension benefit in an attempt to keep his/her benefits in line with inflation
or COLA - An annual increase in the FRS Pension Plan retirement benefit (currently 3%). The increase is implemented each year on July 1, and is intended to help offset the effects of inflation. (If a member has been retired for less than a full year on July 1, the first COLA is a prorated percentage based upon the number of months the member was retired before July 1.)
Usually a rider in a disability contract (policy). It adjusts the monthly benefit payments on an annual basis to reflect the cost-of-living increases that occur. Exactly how increases are given can vary from policy to policy. p 141
An adjustment of an annuity amount based on the rate of inflation as measured by the Consumer Price Index (CPI). It protects an annuity's buying power in times of inflation.
Clause in an insurance policy that increases the benefit amount to keep pace with inflation.
Beginning Feb. 1, 2002, a cost-of-living increase of 3% is granted each year once a member retires. The COLA is paid in the first anniversary month of your retirement benefit, which also establishes the date for future increases. Future increases are calculated on the original benefit and are not compounded over the previous year. The cost-of-living increase is added to the regular monthly benefit.
An across-the-board wage and salary increase or supplemental payment designed to bring pay in line with increases in the cost of living to maintain real purchasing power. D__________
A change in wages or benefits to allow for the cost-of-living inflation.
A cost-of-living adjustment (COLA) is an increase in child and spousal support every two years due to inflation. Changes in the Consumer Price Index (CPI) determine the amount of the increase. The increase is automatic unless the obligor challenges the increase by filing a motion with the court.
Alteration that reflects a change in the consumer price index (CPI), which measures purchasing power between time periods. The CPI is based on a market basket of goods and services that a typical consumer buys. Back to the top of the page
A yearly change in workers' pay to erase the effect of inflation on purchasing power . A COLA is usually a wage increase, based on the Consumer Price Index .
(COLA) Adjustment of wages designed to offset changes in the cost of living, usually as measured by the Consumer Price Index. COLAs are key bargaining issues in labor contracts and are politically sensitive elements of social security payments and federal pension because they affect million of people.