cost-of-living allowance

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Noun

cost-of-living allowance - an allowance for changes in the consumer price index

allowance, adjustment - an amount added or deducted on the basis of qualifying circumstances; "an allowance for profit"

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If the economists are right about the inflation rate, the DWP cost-of-living allowance will make the pay raises look like chump change.

PUBLIC FORUM by Daily News (Los Angeles, CA)

A common one provides a cost-of-living allowance (COLA) designed to keep up with inflation in health care costs.

LTC insurance for owners and executives: a valuable perk for key ... by Devore, Paul S. / Journal of Accountancy

They pay full tuition, the purchase of your books and supplies and also pay you a monthly cost-of-living allowance based on the number of credits you take per semester.

More kudos to VA by Ewing, Oliver S. / DAV Magazine

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