(alsoflexible benefit plan)HRanarrangementofferedbyemployersin whichemployeesareallowedtochooseamongbenefitsinadditiontotheirbasicpay, such aslifeinsurance,childcare, etc.:Cafeteriaplanscanofferhealthinsurancetoemployees,theirspouses, andtheirdependents.(Definition ofcafeteria planfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofcafeteria plan
cafeteria planThis coverage period is usually defined as the period that you are covered under thecafeteriaplanduring the plan year.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.To qualify, acafeteriaplanmust allow employees to choose from a selection of two or more benefits consisting of cash or qualified benefit plans.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.If thecafeteriaplandiscriminates in favor of highly compensated employees, the highly compensated employees will be required to report their cafeteria plan benefits as income.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Qualified cafeteria plans are excluded from gross income.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.American corporations may also offer cafeteria plans to their employees.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Though some cafeteria plans offer an explicit choice of cash or benefits, most today are operated through a salary redirection agreement, which is a payroll deduction in all but name.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/cafeteria-plan##
