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cafeteria plan

American  

noun

  1. a fringe-benefit plan under which employees may choose from among various benefits those that best fit their needs, up to a specified dollar value.


Etymology

Origin of cafeteria plan

First recorded in 1985–90

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

One innovation is the "cafeteria" plan, which allows employees to select their own benefits beyond a certain level of required medical, pension and life insurance coverage.

From Time Magazine Archive

The whimsical notion occurred to Ward that he might post Brophy on the advantages of a cafeteria plan of operating his hostelry.

From Joan of Arc of the North Woods by Day, Holman