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

Advertisement Allen said employee fringe benefits make up a share of Metro’s personnel costs that’s double the size of such benefits in D.C. government’s personnel costs. —Justin George, Washington Post, 28 July 2023

And people began viewing their home not primarily as a place to live, but an expensive investment asset class with habitability as a fringe benefit. —Nathaniel Meyersohn, CNN, 5 Aug. 2023

Salary and fringe benefits constitute 60 percent of UMass’s expenses in fiscal 2024, and Joe Skrzek, assistant budget director at UMass, said those figures are rising after increases in union wages and other benefits. —Alison Kuznitz, BostonGlobe.com, 31 May 2023

More:Stellantis to build electric 2025 Ram 1500 Rev pickup in U.S. in 2024 Total compensation for Tavares, including the value of fringe benefits, increased in 2022, but what Stellantis described as his actual compensation decreased, according to the company. —Eric D. Lawrence, Detroit Free Press, 13 Apr. 2023

If nonbusiness guests, such as family, ride along on a business flight, it’s treated as a fringe benefit, which is taxable. —Paul Kiel, ProPublica, 5 Apr. 2023

Melissa Jampol, who as a former assistant district attorney in Manhattan specialized in prosecuting white-collar crimes, said the indictment’s allegations stretched far beyond the allegations of fringe benefit abuse that some had presumed would be the crux of the case. —chicagotribune.com, 2 July 2021

Vance ultimately charged the Trump Organization and its chief financial officer with tax fraud related to fringe benefits paid to some of the company’s top executives. —Michael R. Sisak, BostonGlobe.com, 31 Mar. 2023

That’s five days after Trump’s longtime finance chief Allen Weisselberg is slated to be released from jail for his role in a unrelated tax fraud scheme involving fringe benefits from Trump’s company. —Michael R. Sisak, Anchorage Daily News, 29 Mar. 2023

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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