flexdollar

plural flexdollars

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

   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.

   1982, Pension World, volume 18, page 89

   2 more examples

   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.

   1982 May, Kiplinger's Personal Finance, volume 36, number 5, page 51

   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.

   1985, Human Resource Management News, page 202