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

According to the latest budget, 37% of AC Transit’s operating expenses go to pensions and other fringe benefits. —Marc Joffe, The Mercury News, 14 Nov. 2024

The City Council earlier this month unanimously approved hiring Broadnax as well as his employment agreement, which outlines the $470,000 base salary and other fringe benefits. —Ella McCarthy, Austin American-Statesman, 23 Apr. 2024

Both schools are evenly splitting FIFA’s funds, which are going to pay for the salaries and fringe benefits of the researchers, travel, materials and supplies, grad student tuition and fees, and other direct costs. —Daniel Libit, Sportico.com, 30 Oct. 2024

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

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