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• An adjustment of a salary or a retirement annuity intended to help offset the effects of inflation. Commonly referred to as COLA. COLAs are not guaranteed.

  South Carolina Retirement Systems - Cite This Source - This Definition
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  Cite Definition for Cost-of-Living Adjustment

  American Psychological Association (APA)

  Cost-of-Living Adjustment. (n.d.). SCRS Glossary. Retrieved March 21, 2023, from website: http://www.expertglossary.com/definition/cost-of-living-adjustment.

  Chicago Manual of Style (CMS)

  Cost-of-Living Adjustment. www.retirement.sc.gov. SCRS Glossary. South Carolina Retirement Systems. http://www.expertglossary.com/definition/cost-of-living-adjustment (accessed: March 21, 2023).

  Modern Language Association (MLA)

  "Cost-of-Living Adjustment." SCRS Glossary. South Carolina Retirement Systems. 21 March. 2023 http://www.expertglossary.com/definition/cost-of-living-adjustment.

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