Investment dictionary

CAFETERIA PLAN

Cafeteria Plan: translation

An employee benefit plan that allows staff to choose from a variety of benefits to formulate a plan that best suits their needs. Cafeteria plan options may include health and accident insurance, cash benefits, tax advantages and/or retirement plan contributions.

Also known as "cafeteria employee benefit plan" or "flexible benefit plan".

Similar to a cafeteria where individuals select their food of choice, employees may choose benefits of their choice. These plans become more useful as diversity within workforces continues to grow. For example, the benefit needs of young families may differ greatly from those of a single person.

  1. cafeteria plan—cafeteria plan translation cafeteria planstrong cafeteria plan noun [countable] HUMAN RESOURCES a system in which an employee can choose which emBenefitsem they receive...Financial and business terms
  2. cafeteria plan—страх. эк. тр. система самообслуживанияu система свободного выбораu схема предоставления дополнительных социальных благ работникам предприятия при которой работник может ...Англо-русский экономический словарь