superannuation
/ˌsupərˌænjuˈeɪʃən/
noun
- A regular payment made into a fund by an employer and/or employee to provide income after retirement; a pension plan.
- She contributes 10% of her salary to her superannuation every month.
- Many companies offer superannuation as part of their employee benefits package.
- After 30 years of work, he finally started receiving his superannuation payments.
- The state of being too old to work or be useful; retirement due to age.
- He fought against superannuation, arguing that his experience was still valuable.
- The company's policy on superannuation requires all employees to retire by 70.
- The professor was forced into superannuation at age 65.
Synonyms