Definition Cost-Of-Living Adjustment Cola

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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 …

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

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

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). Also called cost of living allowance.

Cost-of-Living Adjustment (COLA) Information SSA

http://www.ssa.gov/cola/

The purpose of the COLA is to ensure that the purchasing power of Social Security and Supplemental Security Income (SSI) benefits is not eroded by inflation. It is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the last year a COLA was determined to the third quarter of the current year.

Cost-Of-Living Adjustment (COLA): Legal Definition

https://www.bergerandgreen.com/glossary/cost-of-living-adjustment-cola/

A cost-of-living adjustment (COLA) is the amount that Social Security retirement or disability benefits go up to keep up with inflation. The Social Security Administration must look at the cost of living each year and determine if a COLA is necessary. Without this, those who rely on these benefits might struggle to make ends meet as consumer prices continue to rise.

What is a Cost-of-Living Adjustment (COLA)? - Definition ...

https://www.insuranceopedia.com/definition/54/cost-of-living-adjustment-cola

Jul 05, 2015 · A cost-of-living adjustment (COLA) refers to a rider to a disability insurance policy that adjusts the benefits the insured would receive if they were to file a disability claim and the disability persists for over a year. Depending on the terms of the rider, this rider increases your monthly benefit annually by a certain percentage based on the consumer price index.

Definition of Cost of Living Adjustment (COLA): Monetary ...

https://www.patriotsoftware.com/payroll/training/definition/cost-of-living-adjustment-cola/

A Cost-of-Living Adjustment is referred to as COLA by the Social Security Administration (SSA). The COLA is expressed as a percentage to identify the change in the overall cost of living over a calendar year. The prices of products and services within a geographic region will determine that region’s specific cost of living.

How Does a Cost-of-Living Adjustment (COLA) Affect My Salary?

https://www.investopedia.com/ask/answers/112814/how-does-cost-living-adjustment-cola-affect-my-salary.asp

Nov 15, 2019 · A cost-of-living adjustment (COLA) is an increase in benefits or salaries to counteract inflation. Inflation for the Social Security COLA is calculated annually using the Consumer Price Index for ...

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. For example, the government uses a …

Overseas Cost of Living Allowances (COLA)

https://www.defensetravel.dod.mil/site/cola.cfm

The Overseas Cost of Living Allowance (COLA) is a non-taxable allowance designed to offset the higher overseas prices of non-housing goods and services. It affects approximately 250,000 Service members at 600 locations overseas, including Alaska and Hawaii. Approximately $2 billion is paid in Overseas Cost of Living Allowances annually.