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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

The government then announced the welfare fund for climbing guides, but, according to government officials and expedition leaders, it has never been activated.

From New York Times ● May 7, 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

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