What is another word for cost-of-living allowance?
Pronunciation: [kˈɒstɒvlˈɪvɪŋ ɐlˈa͡ʊəns] (IPA) 
A cost-of-living allowance (COLA) is a type of compensation given to employees to offset the changes in the cost of living in a particular geographic area. It can be referred to as a cost-of-living adjustment, a living allowance, or a cost-of-service increase. Other terms that are synonymous with COLA include a pay raise, an inflation adjustment, or a salary bump. Depending on the company or organization, it can also be called a geographical pay differential or a geographic pay premium. Whatever term is used, the essence remains the same: to provide employees with additional compensation to cope with the rising costs of goods and services.
