What is FRINGE BENEFIT?

Atypical, additional compensation above direct wages or salaries. Usually taxable as income. Company car, house allowance, special medical insurance, pension plans, meal allowance are some examples. Human resource management hiring incentives.

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Related Legal Terms
FRINGE BENEFITS, BENEFIT FORMULA, ACCUMULATED BENEFIT OBLIGATION (ABO), EMPLOYEE BENEFIT PROGRAM, EMPLOYMENT BENEFIT PLAN, PENSION BENEFIT GUARANTY CORPORATION (PBGC), EMPLOYEE WELFARE BENEFIT PLAN, PROJECTED BENEFIT OBLIGATION (PBO), BENEFIT WAGES, DEFINED BENEFIT PLAN


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