What are 'fringe benefits' in union contracts?

Fringe benefits in union contracts refer to additional benefits provided to employees beyond their basic salary. These benefits are typically negotiated as part of the collective bargaining process and can include a variety of items such as health insurance, vacation pay, retirement plans, paid holidays, and bonuses. They are considered essential components of a comprehensive compensation package, aiming to enhance the overall well-being of employees and provide them with security and support in various aspects of their lives.

The focus on these additional benefits emphasizes the idea that fair compensation is not solely about salary but also includes the quality of life and health-related support that employees receive. By striking a balance between salary and fringe benefits, unions work to ensure that members are well taken care of both financially and personally.