superannuation

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

noun

the act of superannuating.
the state of being superannuated.
a pension or allowance to a superannuated person.

Origin of superannuation

First recorded in 1650–60; superannuate + -ion

Example sentences from the Web for superannuation

British Dictionary definitions for superannuation

superannuation
/ (ˌsuːpərˌænjʊˈeɪʃən) /

noun

  1. the amount deducted regularly from employees' incomes in a contributory pension scheme
  2. the pension finally paid to such employees
the act or process of superannuating or the condition of being superannuated