welfare fund

Employee benefit reserve

A welfare fund is a pool of money set aside to provide benefits for employees or members of an organization, typically covering health care, retirement, disability, or hardship assistance.

Union welfare funds are common, funded by employer contributions negotiated in labor contracts: The company contributes to the welfare fund on behalf of each worker.

Some welfare funds also support dependents or provide death benefits.

Related

donation · giving back · trust · endowment · benefits · assistance · social · security · aid · contributions · needy · financial hardship · support · pool · retirement · employee benefits · insurance · grants

Categories
Opposites
source and control of financial resources

welfare fundpersonal savings

Individually accumulated wealth

individual retirement account · private wealth · self-insurance · pocket money

purpose of financial allocation

welfare fundinvestment fund

Pooled capital for securities

hedge fund · performance bonus · growth fund · slush fund

support vs. extraction

welfare fundpredatory lending

Exploitative loan terms

usury

Family

welfare, fund, well, fare, fares, faring, fared, funds, funded

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Rated G