Cost-Of-Living Agreements

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Cost-of-Living Adjustment (COLA) Definition

https://www.investopedia.com/terms/c/cola.asp

Sep 22, 2020 · A cost-of-living adjustment (COLA) is an increase in Social Security benefits to counteract inflation. Inflation is measured using the consumer …

Cost-of-living Clause Law and Legal Definition USLegal, Inc.

https://definitions.uslegal.com/c/cost-of-living-clause/

Cost-of-living clause is a provision in a contract or lease. The cost-of-living provision provides an automatic wage, rent, or benefit increase tied in some way to cost-of-living rises in the economy. A cost-of-living clause may also cover a decrease, even though this is uncommon. In a long term contract, the cost-of-living provision adjusts the price paid for the goods or services received in an …

Cost of Living Increase Sample Clauses - Law Insider

https://www.lawinsider.com/clause/cost-of-living-increase

Cost of Living Increase. On each anniversary date of this Agreement during the term hereof or any extension, Base Salary shall be increased by the greater of (i) six (6%) percent of then existing Base Salary, or (ii) the percentage increase, if any, of the consumer price index for Urban Wage Earners and Clerical Workers (Greater Metropolitan Miami area; all items) issued by the Bureau of Labor Statistics …

What Is A Cost Of Living Adjustment (COLA) Clause? Law ...

https://www.cardozofamilylaw.com/family-law-faq-archives/what-is-a-cost-of-living-adjustment-cola-clause/

A Cost of Living Adjustment is mandatory in some states, but not in all, and specific requirements for such a provision depend on the jurisdiction. However, in most jurisdictions, the clause must contain the date the adjustment will become effective and the COLA index that will be applied. Most jurisdictions also require the clause to consider the likelihood of income, increase or decrease, of the paying party.Location: 1147 Easton Rd, Abington, 19001, PA

Cost-of-living Adjustment (COLA)

https://inflationdata.com/articles/cost-of-living/costofliving-adjustment-cola/

Sep 11, 2020 · Cost-of-living Adjustment (COLA) Many pension benefits, employment contracts and government entitlements (such as Social Security) contain a cost of living clause such as a Cost of Living Adjustment (COLA) that increases payments based on changes in the cost-of-living index. Adjustments are typically made annually.

Cost-of-Living Adjustment (COLA) - The Balance Careers

https://www.thebalancecareers.com/cost-of-living-adjustment-1669445

May 05, 2019 · A cost-of-living adjustment (COLA) is an increase in salary or annuity usually based on an objective measure that estimates how much additional money a typical person or household needs to maintain their standard of living. Inflation acts against the buying power of every dollar.