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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
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
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
See all Example Sentences for fringe benefit
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Word History
First Known Use
1948, in the meaning defined at sense 1
Dictionary Entries Near fringe benefit
Cite this Entry
“Fringe benefit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fringe%20benefit. Accessed 8 Nov. 2024.
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
More from Merriam-Webster on fringe benefit
Thesaurus: All synonyms and antonyms for fringe benefit
Britannica.com: Encyclopedia article about fringe benefit
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