flexdollar
Noun
An amount of money, paid by an employer to an employee, that can be spent on any of various benefits.
Usage- US usage
- plural-normally
- Examples
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More examples (3)
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.
Word forms
flexdollars