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

The monthly limit for the qualified transportation fringe benefit and the monthly limitation for qualified parking are $340. —Dan Avery,andreina Rodriguez, CNBC, 9 Oct. 2025

Bloomberg Tax anticipates that the exemption amounts will look like this in 2026: Fringe Benefits—Transportation In 2026, the monthly limitation for the qualified transportation fringe benefit for transportation in a commuter highway vehicle and any transit pass is $340. —Kelly Phillips Erb, Forbes.com, 11 Sep. 2025

The program has fringe benefits for others, too. —Flint McColgan, Boston Herald, 6 Sep. 2025

Some other changes Balon would like to make to his department to compete with other counties and municipalities that offer more compensation to their officers both in wages and fringe benefits, including a significant bump in longevity pay. —Shelley Jones, Chicago Tribune, 24 Aug. 2025

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