a clause in a contract that adjusts payments based on the cost of living

Cost Of Living Rider

Beat Inflation With The Cost Of Living Rider

Cost of living rider definition A cost of living rider, often called a COLA rider, is an add-on to certain contracts, like insurance policies or retirement plans, that helps your payments keep pace with inflation. Think of it as a safety net to protect your purchasing power. Here's how it works: a cost of living rider includes a clause that allows...