A fringe benefit is any non-wage payment or benefit (e.g., [[pension]] plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment [[insurance]] programs) granted to employees by employers. They may be required by law, granted unilaterally by employers, or obtained through collective bargaining. Employers' payments for fringe benefits are included in employee-compensation packages. | A fringe benefit is any non-wage payment or benefit (e.g., [[pension]] plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment [[insurance]] programs) granted to employees by employers. They may be required by law, granted unilaterally by employers, or obtained through collective bargaining. Employers' payments for fringe benefits are included in employee-compensation packages. |