superannuation
USsoo-per-an-yoo-AY-shun/ˌsupɚˌænjuˈeɪʃən/UKsoo-puh-ran-yoo-AY-shun/ˌsuːpəˌɹænjuˈeɪʃən/soo-puh-ran-yoo-AY-shuhn/ˈs(j)ʉːpəˌɹænjʉːˈæɪʃn̩/
- 1Money saved for retirement, built up from regular payments by a worker and their employer.
Like a piggy bank for your retirement that your boss also drops money into.
Her superannuation grew steadily over thirty years of full-time work.
He checked how much superannuation he had before deciding to retire.
Similarpension
Note
- 2The state of being too old or too out of date to be useful anymore.
Like an old phone that has become too out of date to use.
The slow office computer's superannuation meant no one could repair it anymore.
You could see his superannuation in his slow, careful movements.
Similarobsolescence, retirement
Note
Practice
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Origin
It comes from the word "superannuate" plus the ending "-ion".