Meaning of flexdollar | Babel Free

Definitions

An amount of money, paid by an employer to an employee, that can be spent on any of various benefits.

US, plural-normally

Examples

“The difference in value between the pre-flexible benefit plan⟳ and the core plan⟳ was returned to each participating employee as an individually determined flexdollar allowance.”

“This option allows employees to put⟳ flexible credits — the company calls them flexdollars — into the account, to be used for medical expenses not already covered. Flexdollars can be kept in the account from year to year, until needed.”

“Employees will get⟳ profit-sharing amounts in the form⟳ of "flexdollars." Those who deposit⟳ the flexdollars in the company profit-sharing plan⟳ will have⟳ the amount matched dollar—for-dollar by the company.”

CEFR level