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welfare fund

American  

noun

  1. a fund set up by a union or employer, providing benefits to workers during a period of unemployment or disablement, as salary continuance while ill.


Example Sentences

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Prosecutor Mir Ahmmad Ali Salam said the embezzlement case involves a workers welfare fund of Grameen Telecom, which owns 34.2% of the country’s largest mobile phone company, Grameenphone, a subsidiary of Norway’s telecom giant Telenor.

From Seattle Times Mar. 3, 2024

The acclaimed economist and three colleagues from Grameen Telecom - one of the firms he founded - were found guilty of failing to create a welfare fund for their workers.

From BBC Jan. 1, 2024

In its statement, the State Department accused Lamothe of misappropriating "at least $60 million from the Haitian government's PetroCaribe investment and social welfare fund for private gain."

From Reuters Jun. 3, 2023

He is also the secretary of the boilermakers’ health and welfare fund, which oversees benefits along with the workers’ employers.

From New York Times Dec. 3, 2019

The ownership group also offered help to hundreds of survivors and victims' families through the welfare fund set up in December 2008.

From Fox News Nov. 23, 2018

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