superannuation
pronunciation
How to pronounce superannuation in British English:
UK [ˌsu:pərˌænjuˈeɪʃn]
How to pronounce superannuation in American English:
US [ˌsuːpərˌænjuˈeɪʃn]
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- Noun:
- a monthly payment made to someone who is retired from work
- the property of being out of date and not current
- the act of discharging someone because of age (especially to cause someone to retire from service on a pension)
Word Origin
- superannuation (n.)
- 1650s, noun of action from superannuate.
Example
- 1. What happens to your superannuation if you retire early ?
- 2. In fact , most of us are shareholders in the mining industry through our superannuation schemes .
- 3. Employers there are required to contribute 9 % ( set to rise to 12 % in 2019 ) of an employee 's salary to a superannuation account .
- 4. Teachers now have to come under the state superannuation scheme .
- 5. Another significant factor was changes in pension rules around the same time , which meant employers had to increase contributions to superannuation funds from 4 per cent to 9 per cent .