Social Security benefits and Supplemental Security Income (SSI) payments may be automatically increased each year to keep pace with increases in the cost-of-living (inflation).

Definition COLA. An annual adjustment in wages to offset a change (usually a loss) in purchasing power, as measured by the Consumer Price Index. The Consumer Price Index is used rather than the Produc [..]

This is an optional benefit. It goes with some long-term disability plans. It raises the monthly benefit amount each year. The person on disability gets more money based on the cost of living. These r [..]

(COLA) – as the cost of living increases, SSI and SSD benefits may be increased each year by the Social Security Administration. In 2012, the COLA was a 3.6% increase from 2011.

An adjustment to long term disability (LTD) benefits according to the rise in the cost of living as measured by an index such as the consumer price index. COLA is an optional benefit that a group plan [..]

Optional long-term disability benefit that provides a yearly percentage increase to the monthly benefit received after deductions, usually for a defined period.

A cost-of-living index measures differences in the price of goods and services, and allows for substitutions to other items as prices change. A consumer price index measures a price change for a const [..]

Modification of the amount of a support obligation based on the economy’s increasing or decreasing cost of the necessities of life, such as food, shelter, and clothing.