Welfare Plan
/ˈwɛlfɛr plæn/
Definitions
- (n.) A written arrangement established by an employer or organization to provide employees or members with benefits such as health insurance, retirement, or other social welfare benefits.
The company offers a comprehensive welfare plan that includes medical and dental coverage.
Forms
- welfare plan
- welfare plans
Related terms
See also
Commentary
Commonly governed by ERISA in the U.S., a welfare plan must be clearly documented to define eligibility and covered benefits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.