joint welfare fundglossary / joint-welfare fund A fund that is established in collective bargaining to provide health and welfare benefits to union employees.• The fund is jointly managed by labor and management representatives. — Also termed Taft–Hartley fund. 词条贡献者 法律翻译王漾,在一家顶尖英国律师事务所的上海办公室担任全职法律翻译,专注翻译各类与大中华业务有关的法律文件。