fringe benefit

noun

1

: an employment benefit (such as a pension or a paid holiday) granted by an employer that has a monetary value but does not affect basic wage rates

2

: any additional benefit

increased energy is a fringe benefit of regular exercise

Examples of fringe benefit in a Sentence

Recent Examples on the Web

However, your employer may offer a qualified transportation fringe benefit that provides a tax-free reimbursement for a ride in a commuter highway vehicle between the employee's home and workplace, a transit pass, and, happily, qualified parking. —Kelly Phillips Erb, Forbes, 21 Sep. 2024

In an August meeting, citing increasing costs, a 10-year decline in enrollment, lapsed COVID funding, and changes to the state’s fringe benefit payment, CSCU had initially projected deficits of $13.7 million in Fiscal Year 2024 and $140.2 in Fiscal Year 2025. —Sean Krofssik, Hartford Courant, 5 Feb. 2024

Plus there are some fringe benefits, apart from the opportunity to collect more gold. —Kevin Baxter, Los Angeles Times, 24 July 2024

This growth was driven mostly by retirement and fringe benefits, which increased 72% since 2018. —Tim Gardner, The Mercury News, 22 June 2024

Word History

First Known Use

1948, in the meaning defined at sense 1

Kids Definition

fringe benefit

noun

: a benefit (as vacation, health insurance, or pension plan) given by an employer to employees in addition to pay

Legal Definition

fringe benefit

noun

: an employment benefit (as a pension, a paid holiday, or health insurance) granted by an employer that has a monetary value but that does not affect basic wage rates