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 indictment, proceeds that should have gone to the federal government instead were used to benefit Falaschi, his water district and a small group of co-conspirators, much of it funneled into exorbitant salaries and lavish fringe benefits. —Jessica Garrison, Los Angeles Times, 28 May 2024

These are substantial ones that offer networking opportunities, mentorship and meaningful on-the-job programs as part of the package — not merely as fringe benefits. —Phil Blair, San Diego Union-Tribune, 27 May 2024

Many projects have been devoted to infrastructure, attracting larger business to the area, competitive salary and fringe benefits. —Harrison Mantas, Fort Worth Star-Telegram, 21 Apr. 2024

In the 2023 fiscal year, 52 percent of its operating expenses went to faculty, staff and student salaries and wages, plus fringe benefits. —Ron Lieber, New York Times, 5 Apr. 2024

Put another way, an hourly Ford employee would need to labor for seven working lifetimes to earn the same amount of money that Farley, between his base salary, bonus, stock options, and fringe benefits, took home in a single year. —Bypaige Hagy, Fortune, 15 Sep. 2023

The $1 billion total that Detroit carmaker CEOs have taken home includes salaries, bonuses, the value of stock awards, fringe benefits and special payouts linked to retirement or corporate transactions. —Rebecca Greenfield, Fortune, 13 Oct. 2023

Compensation totals include all wages, bonuses, severance pay, vacation pay and taxable fringe benefits as reported by the state's Indiana Gateway database. —Katherine Oung, The Indianapolis Star, 30 Aug. 2023

In a statement to Fortune, Ford said Farley’s figure derived from last year’s $112,000 average compensation for a UAW employee, plus $103,000 in additional demands for base wages and premiums, as well as further $71,000 in various fringe benefits. —Bychristiaan Hetzner, Fortune, 15 Sep. 2023

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