beanfeast

[been-feest]
noun Chiefly British Slang.
1.
(formerly) an annual dinner or party given by an employer for employees.
2.
a celebration or festive occasion, especially when a meal is provided.
Also, beanfest [been-fest] .


Origin:
1795–1805; bean + feast

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World English Dictionary
beanfeast (ˈbiːnˌfiːst)
 
n
1.  an annual dinner given by employers to employees
2.  any festive or merry occasion

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Not really the generous government-funded beanfeast you suggested.
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