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English definition of “cafeteria plan”

cafeteria plan

noun [C]     (also flexible benefit plan)
HR an arrangement offered by employers in which employees are allowed to choose among benefits in addition to their basic pay , such as life insurance , childcare , etc.: Cafeteria plans can offer health insurance to employees , their spouses , and their dependents .
(Definition of cafeteria plan noun from the Cambridge Business English Dictionary © Cambridge University Press)
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