joint welfare fund

Definition of "joint welfare fund"
  1. A jointly-managed money reserve created by negotiated agreements for the purpose of providing health and welfare benefits to workers
How to use "joint welfare fund" in a sentence
  1. The employees of the factory benefit from a joint welfare fund which was set up after a series of negotiations.
  2. Union members and management representatives worked together to successfully administer the joint welfare fund.
  3. The creation of the joint welfare fund has allowed the company to provide health and welfare benefits to all its full-time workers.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z