cost-of-living adjustment
Wage inflation offset
A cost-of-living adjustment is a periodic increase in wages, benefits, or payments to keep pace with inflation.
Social Security recipients receive annual cost-of-living adjustments based on consumer price indexes.
Often abbreviated COLA: The union negotiated a 3% COLA into the contract.
- salary negotiationDiscussing compensation terms
- annual raisePeriodic salary increase
- wage increaseHigher pay rate
- employee benefitsNon-wage workplace compensation
- inflation rateSpeed of rising costs
rising prices · housing subsidies · stagflation · real income · pension plans · disability benefits · government benefits · senior citizens · public pensions · monetary policy · minimum wage laws · pay equity · indexation · unemployment insurance · hyperinflation · cost-push inflation · fiscal policy · welfare reform
- employee benefitshealth insurance, pension, 401k, 401(k), retirement
- military paybase pay, military pay, basic pay, pay grades, pay scale
cost-of-living adjustmentmerit raise
Salary boost for achievement
performance bonus · merit increase · incentive pay · commission · profit sharing
cost-of-living adjustmentpay cut
Reduction in earnings
wage freeze · pay freeze · clawback · furlough · reduction in force
cost-of-living adjustmentwage stagnation
Pay not increasing over time
costing, costly, costliness, living, livelihood, lifetime, adjust, adjusts, adjusted