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cost-of-living allowance

n. an allowance for changes in the consumer price index

Usage examples of "cost-of-living allowance".

And when his salary reached thirty-seven dollars and fifty cents a fortnight the _Sentinel_ started giving COLA, a cost-of-living allowance.

Even if she had a studio apartment, this was a little pricey, her cost-of-living allowance notwithstanding.

For example, when I met with Senate and House leaders on the budget, Leon Panetta suggested that we have a one-time three-month delay in increasing the Social Security cost-of-living allowance.