cost of living adjustments
Inflation wage increases
Cost of living adjustments are increases to wages, benefits, or payments designed to keep pace with inflation.
Social Security payments receive annual cost of living adjustments based on consumer price indexes.
Often abbreviated COLA: The union negotiated a 3% COLA into the contract.
The goal is maintaining purchasing power as prices rise.
- labor contractsBinding worker-employer arrangements
- minimum wage lawsLegislated lowest permissible pay
- keeping upMaintaining pace or standard
- government mandatesCompulsory directives from authorities
- union negotiationsWorkforce-management contract discussions
annual raise · economic indicators · CPI · Social Security · federal employees · social welfare programs · income redistribution · fixed income · purchasing power · rent hike
- compensationpay, salary, income, wage, bonus
- government pensionsretirement pay, federal pensions, pension fund, pension plans, survivor benefits
- union contractsunion contract, labor agreement, wage agreement, seniority, grievance procedure
- wageswage, salary, pay, paycheck, income
- labor negotiationssalary talks, wage negotiations, wage disputes, collective bargaining, union demands
- pensionspension, pension fund, pension plan, pension benefits, pension funds
cost of living adjustmentsmerit raises
Pay tied to achievement
performance bonuses · merit-based pay · incentive pay · commission · profit sharing
cost of living adjustmentswage freeze
Halting salary increases
pay cuts · wage stagnation · pay freezes · austerity measures · benefit cuts
costing, costly, costliness, living, livable, livability, liveliness, outlive, adjustment