living adjustments

Why Is Cost Of Living Adjustments Important?

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Why Is Cost Of Living Adjustments Important? A cost-of-living adjustment is important because it allows employees, retirees and people living on fixed incomes to afford housing, goods, services and taxes as prices increase over time. … Retirement benefits, such as Social Security and Supplemental Security Income. Private-sector employee salary increases. How does a cost-of-living adjustment

What Is A Cost Of Living Adjustment Clause?

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What Is A Cost Of Living Adjustment Clause? An inflation (or cost of living) adjustment clause is a contractual provision that requires prices or other monetary amounts to be adjusted periodically based on the relative change in value of one or more established price indices. What is the significance of the cost of living adjustment