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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 

Word History

First Known Use

1948, in the meaning defined at sense 1

Time Traveler
The first known use of fringe benefit was in 1948

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 22 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

Last Updated: - Updated example sentences
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