provident fund
noun[C]
ukusFINANCE
anamountofmoneyconsisting ofregularpaymentsby anemployeeand anemployerover aperiodoftimethat theemployeereceiveswhen theyleaveacompanyorretire:
Theyreceiveagenerouspension,typically75% of lastpaydrawn, and asizeableprovidentfundpayment.
 This example is from Wikipedia and may be reused under a CC BY-SA license.
This example is from Wikipedia and may be reused under a CC BY-SA license.