Cafeteria Benefit Plan
Definition of "Cafeteria benefit plan"
Arrangement under which employees may choose their own employee benefit structure. For example, one employee may wish to emphasize health care and thus would select a more comprehensive health insurance plan for the allocation of the premiums, while another employee may wish to emphasize retirement and thus allocate more of the premiums to the purchase of pension benefits.
Popular Insurance Terms
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Means of paying the cost of benefits of pension plan participants including retirement, death, and disability. ...
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