cost-of-living adjustment

(redirected from Automatic Cost of Living Adjustments)
Also found in: Financial.

cost-of-liv·ing adjustment

(kôst′əv-lĭv′ĭng)
n. Abbr. COLA
An adjustment made in wages that corresponds with a change in the cost of living.
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References in periodicals archive ?
Ford also received major concessions in February such as the elimination of automatic cost of living adjustments dramatically reduced health care costs and deferral of previously agreed future rises.
During an extensive community budget process, our citizens affirmed that Pay for Performance, not automatic cost of living adjustments, was the appropriate way to compensate high achieving employees.
Since automatic Cost of Living Adjustments went into effect in 1975, seniors have never before failed to get an increase.

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