# superannuation

Pronunciation: US say "soo-per-an-yoo-AY-shun" /ˌsupɚˌænjuˈeɪʃən/; UK say "soo-puh-ran-yoo-AY-shun" /ˌsuːpəˌɹænjuˈeɪʃən/; AUS say "soo-puh-ran-yoo-AY-shuhn" /ˈs(j)ʉːpəˌɹænjʉːˈæɪʃn̩/

## Noun

1. A retirement fund built from regular deductions from an employee's wages and similar regular contributions from the employer, usually managed by an independent body. *(Australia, New Zealand, UK)*
   - Simple: Money saved for retirement, built up from regular payments by a worker and their employer.
   - _Most Australian workers pay a portion of their income into superannuation each month._
   - _The company increased its superannuation contributions for long-serving staff._
2. The state of having grown too old or obsolete to remain useful or in active service.
   - Simple: The state of being too old or too out of date to be useful anymore.
   - _The library's card catalog slid into superannuation once the records moved online._
   - _He felt his own superannuation creeping in as younger colleagues took over the work._

## Origin

This is formed from "superannuate" (from "superannuated") with the suffix "-ion".

Source: DictionaryAI, https://dictionaryai.com/define/superannuation (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).