cost-of-living benefit

• Prestation financière ou allocation versée par le gouvernement ou un employeur pour aider les personnes à faire face à la hausse du coût de la vie due à l'augmentation des prix des biens et services essentiels.

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.

   indemnité de vie chère

   • 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.