cost-of-living benefit

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  • noun

Words related to cost-of-living benefit

a benefit that goes to anyone whose money receipts increase automatically as prices rise

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References in periodicals archive ?
The Boskin panel said that correcting for this upward bias would save the government $1 trillion over the next 12 years from lower annual cost-of-living benefits and higher taxes stemming from smaller annual inflation adjustments to tax brackets.
4 when an arbitrator ruled that the Burlington Northern Railroad Company (NYSE: BNI) must pay all its employees a minimum of $29 per diem, as provided for under Presidential Emergency Board 219, plus any cost-of-living benefits (COLAs) agreed to under local contracts.
But even as it was advancing, Republicans vowed that the requirement for curtailing the growth in cost-of-living benefits for military retirees under age 62 wouldn't long survive.