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superannuation

Line breaks: super|annu|ation
Pronunciation: /ˌsuːpəranjʊˈeɪʃ(ə)n
 
, ˌsjuː-/

Definition of superannuation in English:

noun

[mass noun, usually as modifier]
1Regular payment made into a fund by an employee towards a future pension: a superannuation fund
More example sentences
  • Apart from the collection, pooling and investment of contributor funds, superannuation funds also facilitate the flow of capital from surplus units to deficit units in modern capitalist economies.
  • They would offer an interest rate that would be guaranteed by the government, say 5% or 6%, and superannuation funds would invest in those bonds.
  • The legislation cannot apply to certain state superannuation funds because they are protected from revenue measures under the constitution.
1.1The pension paid to a retired employee who has contributed to a superannuation fund: had he agreed to resign, he would have been entitled to his superannuation for 29 years' service
More example sentences
  • It has to contend with a growing number of people in retirement and a smaller number of taxpayers left to cover the cost of superannuation and other retiree-related expenses, such as health care.
  • As of February 1996, some 6 months after separation, he became entitled to superannuation, by virtue of that disability.
  • We need to raise retirement ages and means test for superannuation and put some rights and responsibilities back in the hands of the people.
1.2The process of superannuating an employee.

Definition of superannuation in:

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