superannuation

American  

[soo-per-an-yoo-ey-shuhn] / ˌsu pərˌæn yuˈeɪ ʃən /

noun

1. the act of superannuating.

2. the state of being superannuated. superannuated.

3. a pension or allowance to a superannuated superannuated person.

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superannuation British  

/ ˌsuːpərˌænjʊˈeɪʃən /

noun

1. 1. the amount deducted regularly from employees' incomes in a contributory pension scheme

   2. the pension finally paid to such employees

2. the act or process of superannuating or the condition of being superannuated

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Etymology

Origin of superannuation

First recorded in 1650–60; superannuate + -ion

Example Sentences

"Our intent and position to support reconciliation through practical actions is unchanged by the outcome of the referendum," said Ross Piper, CEO of superannuation at Australian Ethical, which has A$9.2 billion under management.

From Reuters

Australian superannuation fund UniSuper, which runs a $15 billion private markets portfolio investing in unlisted infrastructure and private equity, is looking to grow its portfolio.

From Reuters

Central Bank governor, Nandalal Weerasinghe, previously said the treasury bills owned by the bank would be converted into treasury bonds with a longer maturity period and the same has been proposed for superannuation funds.

From Seattle Times

Central Bank governor Nandalal Weerasinghe said the treasury bills owned by the bank will be converted into treasury bonds with a longer maturity period and the same has been proposed to superannuation funds.

From Seattle Times

Local currency bonds held by superannuation funds, including pension funds, will be replaced with new bonds which will have 9% interest, Weerasinghe added.

From Reuters

Related Words

• allowance
• annuity
• grant
• payment
• premium
• retirement account
• reward
• social security
• subsidy