Eight months after the Rana Plaza factory building collapsed in Bangladesh, killing more than 1,100 workers and leaving hundreds of families bereft and financially adrift, several prominent retailers and labor groups have joined with the Bangladesh government to create an estimated $40 million compensation fund to aid the victims’ families.

So far, four retailers — Bonmarché, El Corte Inglés, Loblaw and Primark — have pledged to contribute to the fund, which is intended to compensate the families of those who died last April 24 in what was the deadliest disaster in garment industry history. The new fund is considered a landmark in compensating families of garment industry victims, in terms of both the amount to be paid and the sophistication of the arrangements. No United States-based retailers have signed on.

Several officials involved in negotiations to establish the fund said in interviews that the families of the dead would receive, on average, more than $25,000 each, while hundreds of workers who were injured or maimed would also receive compensation. Per capita income in Bangladesh is about $1,900 a year.

The fund’s members said they hoped to begin making payments in February, although they have yet to decide how much each firm will contribute, which depends in part on whether governments donate. The money is to be paid in installments to ensure that the families have a steady source of income for years to come. “We think the agreement is a really good result,” said Ineke Zeldenrust, international coordinator of the Clean Clothes Campaign, a European antisweatshop group that has pressed retailers to do far more to help the families of the disaster’s victims. “The agreement will deliver to all the victims and the families of the Rana Plaza disaster full and fair compensation in a credible manner. What we need now is for other companies to agree to pay into the fund.”