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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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