welfare fund

American

noun

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

The welfare fund has responded to more than 400 live stranded dolphins, whales and porpoises in the region in the past five years alone, the organization said in a news release.

From Seattle Times • Aug. 23, 2023

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

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

During the carpenters’ last contract from 2005 to 2008, the wage rate was $41.71 an hour in addition to pension benefits, health care and contribution to a welfare fund.

From New York Times • Jan. 31, 2018

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023