Cost Of Living Adjustments Definition

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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 Adjustment: Definition, Calculation

https://www.thebalance.com/what-is-the-cost-of-living-adjustment-3305736

Aug 28, 2020 · The cost of living adjustment is an increase in income that keeps up with the cost of living. It's often applied to wages, salaries, and benefits. These include union agreements, executive contracts, and retiree benefits.

Cost of Living Definition

https://www.investopedia.com/terms/c/cost-of-living.asp

Sep 20, 2020 · The cost of living is the amount a person needs to spend to cover basic expenses such as housing, food, taxes, and healthcare in a particular place. Education General

What is cost of living adjustment (COLA)? definition and ...

http://www.businessdictionary.com/definition/cost-of-living-adjustment-COLA.html

Definition of cost of living adjustment (COLA): Periodic increase in wages or salaries, to compensate for loss in purchasing power of money due to inflation. Rate of COLA is commonly pegged to a general index such as consumer price index (CPI). ...

Cost of Living Adjustments - definition of Cost of Living ...

https://www.thefreedictionary.com/Cost+of+Living+Adjustments

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

COST OF LIVING ADJUSTMENT meaning in the Cambridge ...

https://dictionary.cambridge.org/dictionary/english/cost-of-living-adjustment

an increase in a person's wages, pension, etc. that is made once a year according to how much the prices of things such as food, transport, and housing have increased: Because of falling consumer prices, the government recently announced that there will be no cost of living adjustment (COLA) for Social Security recipients this year.

Cost-Of-Living Adjustment (COLA)

https://www.ssa.gov/OACT/COLA/colasummary.html

Average Wage Index Since 1975, Social Security's general benefit increases have been based on increases in the cost of living, as measured by the Consumer Price Index. We call such increases Cost-Of-Living Adjustments, or COLAs. We determined a 1.6-percent COLA on October 10, 2019.

2020 Cost of Living Calculator - Best Places to Live

https://www.bestplaces.net/cost-of-living/

Cost of Living scores and indexes are a way to compare the overall price of goods and services between different areas of the United States. The national average is 100, so when you look at a place’s COL Index you can instantly see how much more or less you’ll have to pay to live there.