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cost-of-living allowance

/ˈkɒst əv ˈlɪvɪŋ əˌlaʊəns/

1 entry

phrase

/ˈkɒst əv ˈlɪvɪŋ əˌlaʊəns/C1formalbusiness
  • ruФинансовая надбавка или корректировка заработной платы, окладов или пособий, предоставляемая сотрудникам для компенсации роста стоимости основных товаров и услуг, таких как жильё, питание и транспорт, обычно в регионах с высокой стоимостью жизни или в периоды инфляции.

A financial supplement or adjustment to wages, salaries, or benefits provided to employees to help offset increases in the cost of essential goods and services, such as housing, food, and transportation, typically in high-cost areas or during periods of inflation.

  1. Financial supplementB2formal

    An additional payment made to an employee to compensate for higher living expenses in a particular area.

    ruНадбавка на дороговизну

    • The company offered a cost-of-living allowance to employees relocating to New York.
    • Her salary includes a cost-of-living allowance to cover the high rent in the city.
    • The government adjusted the cost-of-living allowance for inflation.