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A benefit is a valuable extra or perk typically provided by an employer to its employees.

Expanded Definition

The most common ones are vacation and holiday pay, a pension plan, and health and dental insurance, but others include life insurance, accident insurance, disability insurance, 401(k) plan, educational assistance, etc. Some companies are said to provide free coffee, soft drinks, meals, dry cleaning, parking, limo service, company car, clothing allowance, public transit passes, and child care.

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