flexible benefit plan Meaning in the Cambridge English Dictionary
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Meaning of “flexible benefit plan” in the English Dictionary

"flexible benefit plan" in Business English

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flexible benefit plannoun [C]

uk   us   (also cafeteria plan)
HR an ​arrangementoffered by ​employers in which ​employees are ​allowed to choose among benefits such as ​lifeinsurance, childcare, or ​extraholidays, in ​addition to their basic ​pay: Introducing a ​flexiblebenefitsplan does not need to be complex.
(Definition of flexible benefit plan from the Cambridge Business English Dictionary © Cambridge University Press)
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