Labour Welfare Fund (LWF)

A Labor Welfare Fund is a social security fund set up by the government or an employer to provide social welfare benefits to workers or employees. The fund is usually set up with contributions from the employer, employee, or both, and is aimed at providing benefits to workers beyond their regular salary and benefits.

The Labor Welfare Fund typically covers a range of benefits and services, including health and medical benefits, retirement benefits, maternity benefits, disability benefits, and housing benefits. The fund is managed by a board of trustees, who are responsible for administering the fund and ensuring that the benefits are distributed to eligible workers.

The exact nature and scope of the Labor Welfare Fund may vary from country to country or from employer to employer. In some countries, the Labor Welfare Fund is mandatory for all employers, while in others it is voluntary. In some cases, the fund may be administered by the government, while in others it may be managed by the employer or a third-party provider.

Overall, the Labor Welfare Fund is intended to provide additional support and security to workers beyond their regular salary and benefits, and to ensure that workers are able to access essential social welfare benefits when they need them most.