fringe benefit
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.fringe benefit
nounDefinition of FRINGE BENEFIT
1
: an employment benefit (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)
See First Known Use of FRINGE BENEFIT
1948
Rhymes with FRINGE BENEFIT
fringe benefit
noun (Concise Encyclopedia)Any nonwage payment or benefit granted to employees by employers. Examples include pension plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment insurance. Employers' payments for fringe benefits are included in employee-compensation costs and therefore are not usually taxed. If the cost of fringe benefits were paid directly as wages, the worker would pay taxes on this amount and therefore have less to spend when purchasing equivalent benefits independently.
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