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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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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

If a guide becomes disabled or ends up dead, there is little safety net for his family — insurance payouts are limited, and a promised government welfare fund for Sherpa guides has not materialized.

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

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

From Seattle Times Nov. 22, 2018

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