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cost-of-living benefit

/ˈkɒst əv ˈlɪvɪŋ ˈbenɪfɪt/

1 entry

phrase

/ˈkɒst əv ˈlɪvɪŋ ˈbenɪfɪt/C1formalbusiness
  • ruФинансовая выплата или пособие, предоставляемое правительством или работодателем, чтобы помочь людям справиться с возросшими расходами из-за роста цен на товары и услуги первой необходимости.

A financial payment or allowance provided by a government or employer to help individuals cope with increased expenses due to rising prices for essential goods and services.

  1. Financial adjustment for inflationB2formal

    An increase in wages, pensions, or other payments to offset the rising prices of goods and services.

    ruКомпенсация роста стоимости жизни

    • The union negotiated a cost-of-living benefit for all employees.
    • Retirees receive an annual cost-of-living benefit to maintain their purchasing power.
    • The government announced a cost-of-living benefit increase for social security recipients.