superannuation

/,sju:pə,rænju'eiʃn/
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Thân thiện
superannuation

A company's superannuation policy requires employees to retire at age 65.

Definition
  1. Noun:
    • A regular payment made to a person who has retired from work: A sum of money, typically paid monthly, that someone receives after they have stopped working due to age.
    • The act of retiring someone or something because of age or obsolescence: The process of discharging a person from service or removing something from use because it is considered too old or outdated.
    • The state of being obsolete or out of date: The condition of something that is no longer current, modern, or in use.
Examples of Usage
  • Noun:
    • Her superannuation is enough to live on comfortably. (The regular payment she receives after retiring is sufficient for a comfortable life.)
    • The superannuation of the old machinery was necessary for safety reasons. (The removal of the old machinery from service was required for safety.)
    • The theory faced superannuation after the new discovery. (The theory became obsolete following the new discovery.)
Advanced Usage
  • "Superannuation fund": A specific fund where money is saved and invested during a person's working life to provide an income upon retirement. (Note: This is a compound term listed separately as per instructions).
    • He contributes a portion of his salary to his superannuation fund each month.
Variants and Related Words
  • Superannuate (verb): To retire or dismiss someone because of age; to become obsolete.
    • The company policy is to superannuate employees at 65.
  • Superannuated (adjective): Retired because of age; outdated or obsolete.
    • They replaced the superannuated computer system.
Synonyms
  • Pension: A regular payment made during retirement.
  • Retirement: The action or fact of leaving one's job and ceasing to work.
  • Obsolescence: The process of becoming obsolete or out of date.
Related Phrases
  • "To be on superannuation": To be receiving regular retirement payments.
    • After forty years of service, he is now on superannuation.
superannuation

A company's superannuation policy requires employees to retire at age 65.

Noun
  1. the act of discharging someone because of age (especially to cause someone to retire from service on a pension)
  2. the property of being out of date and not current
  3. a monthly payment made to someone who is retired from work

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