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Definitions for: Cost-Of-Living Adjustment (COLA)
Cost-Of-Living Adjustment (COLA)

upward change in an employee's compensation because of inflation. The adjustment is typicallybased on a price index such as the Consumer Price Index, Wholesale Price Index, and Gross National Product Index. COLA is sometimes built into labor contracts.

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Industry Associations

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National Postal Mail Handlers Union
AFL-CIO. Operates as a division of Laborers' International Union of North America (see separate entry). Aims to negotiate and enforce a National Agreement with the U.S. Postal Service, a contract ...

Members: 50,000

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