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.

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Etymology

Origin of cafeteria plan

First recorded in 1985–90

Example Sentences

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