Definitions for "Cost-of-Living Adjustment"
Keywords:  cola, cpi, retiree, incremental, wage
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.