Cost Of Living Adjustment - COLA

An adjustment made to Social Security and supplemental security income in order to adjust benefits to counteract the effects of inflation. COLAs are generally equal to the percentage increase in the consumer price index for urban wage earners and clerical workers (CPI-W) for a specific period.

For example, if Kevin received $10,000 last year for Social Security benefits and COLAs for this year were 4.1%, then his benefits for this year would be $10,410.

During the 1970s, inflation was really high, and as a result compensation related contracts, real estate contracts and government benefits, led to the popularized usage of COLAs to protect against inflation.


Investment dictionary. . 2012.

Look at other dictionaries:

  • cost-of-living allowance — noun an allowance for changes in the consumer price index • Hypernyms: ↑allowance, ↑adjustment …   Useful english dictionary

  • adjustment — noun 1. making or becoming suitable; adjusting to circumstances (Freq. 5) • Syn: ↑accommodation, ↑fitting • Derivationally related forms: ↑fit (for: ↑fitting), ↑accommodate …   Useful english dictionary

  • Cost segregation study — Part of a series on Taxation Taxation in the United States …   Wikipedia

  • Structural adjustment — is a term used to describe the policy changes implemented by the International Monetary Fund (IMF) and the World Bank (the Bretton Woods Institutions) in developing countries. These policy changes are conditions (Conditionalities) for getting new …   Wikipedia

  • 1952 steel strike — on essentially the same terms the union had proposed four months earlier. [Marcus, Truman and the Steel Seizure Case: The Limits of Presidential Power, 1977, p. 253.] Wage control policy during the Korean WarOn February 9, 1950, Senator Joseph… …   Wikipedia

  • Foreign domestic helpers in Hong Kong — Foreign domestic helpers (zh t|t=外籍家庭傭工) in Hong Kong are domestic workers who work in Hong Kong but are from outside of Hong Kong. They make up approximately 3% of the population of Hong Kong and an overwhelming majority of them are women. In… …   Wikipedia

  • Population and Human Relations — ▪ 1996 Introduction DEMOGRAPHY       At midyear 1995, world population stood at 5,702,000,000, according to estimates prepared by the Population Reference Bureau. The 1995 figure was about 700 million higher than in 1987, when world population… …   Universalium

  • Disability rights timeline — Disability Theory and models …   Wikipedia

  • Porter J. Goss — Infobox Congressman name =Porter Johnston Goss state =Florida district =13th 14th term start =January 3, 1989 term end =January 3, 1993 (13th) January 3, 1993 – September 23, 2004 (14th) preceded =Connie Mack III Harry Johnston succeeded =Dan… …   Wikipedia

  • Kimberly Rogers — (c. 1961 August 9, 2001) was a Canadian woman, whose death in 2001 while under house arrest for welfare fraud caused extensive controversy around Ontario Works, the Ontario government s welfare system, leading to an inquest which recommended… …   Wikipedia

  • Relocation services — or employee relocation includes a range of internal business processes that are engaged to transfer employees, their families, and/or entire departments of a business to a new work location. Like other types of employee benefits, these processes… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.