Definition of provident fund in English:

provident fund

noun

单词	provident fund
释义	Definition of provident fund in English: provident fund noun (especially in SE Asia) an investment fund contributed to by employees, employers, and (sometimes) the state, out of which a lump sum is provided to each employee on retirement. Example sentencesExamples The strike action came as a result of management's refusal to make good its promise to pay back workers' money from their provident fund. In addition to owing salaries, £324,000 has gone missing from the provident fund. The doctors accuse the college management of not paying gratuities, provident funds and other allowances. Chief executive Mark Konyn said he expects regional stock markets will rise in the final months of this year, giving mandatory provident funds a boost. The workers are also demanding an increase in their provident funds, shift allowance and annual bonuses.
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