Meaning of the word superannuation in English
What does superannuation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
superannuation
US /ˌsuː.pɚˌæn.juˈeɪ.ʃən/
UK /ˌsuː.pərˌæn.juˈeɪ.ʃən/
Noun
1.
regular payment made by an employer into a fund to provide a pension for an employee on retirement
Example:
•
Many companies offer generous superannuation schemes to their employees.
•
He's been paying into his superannuation fund for over 30 years.
2.
the action of being retired from employment, especially with a pension
Example:
•
His superannuation was celebrated with a grand farewell party.
•
The company has a mandatory superannuation age of 65.
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