cafeteria benefit

cafeteria benefit

n.
A particular employee benefit selected from a company plan offering a variety of choices that can be balanced to suit individual needs.
References in periodicals archive ?
125 cafeteria benefit plan, which allows employees to choose between dependent care and other nontaxable benefits, or cash.
The flexibility of a cafeteria benefit package helps meet varied employee needs.
Some CPA firms provide payroll compliance auditing services, including retirement plans, cafeteria benefit plans and health plans, to trustees of employee benefit plans.
Flexible spending accounts (FSAs), the health care and dependent care reimbursement feature of section 125 cafeteria benefit plans, have never been very popular with employers or their employees.
Another alternative is to expand the typical cafeteria benefits program to include all compensation and benefits options.
Among other provisions, the bill would amend the Internal Revenue Code to allow above-the-line deductions for premium costs, let employers include LTC insurance in cafeteria benefits plans, provide a tax credit to low income enrollees and give tax credits to employers for costs of administering the system.
More specifically, its impact has been seen on reward systems, firstly in a move away from payment-by-results systems and today in the growing proportion of cafeteria benefits schemes, which allow individual employees to choose the fringe benefits which best suit them.
Twenty million employees are participating in cafeteria benefits in one form or another, primarily through the large employee groups.
The FSA is the first step in the implementation of a full cafeteria benefits plan.
Lack of respondent familiarity with terms such as "earned time off" or "cafeteria benefits" may have influenced the validity of responses.