superannuation

/ˈs(j)ʉːpəˌɹænjʉːˈæɪʃn̩/

Meanings

noun

A retirement benefit fund, an accumulation of regular deductions from one′s wage or salary while employed and similar regular contributions from the employer, usually administered by an independent entity; a pension.

Examples :

"My employer contributes to my superannuation fund, which will provide me with a retirement income. "

noun

The condition or of being superannuated; old age or obsolescence.

Examples :

"The old factory, due to its superannuation, is no longer used for manufacturing. "

age job condition business finance

Related Words

condition noun

/kənˈdɪʃən/

A logical clause or phrase that a conditional statement uses. The phrase can either be true or false.

"The condition for getting a raise at work is meeting your quarterly targets. "

retirement noun

/ɹəˈtaɪə(ɹ).mənt/

An act of retiring; withdrawal.

"After 30 years of teaching, Mr. Smith's retirement was a significant event for the whole school. "

contributions noun

/ˌkɒntɹɪˈbjuːʃənz/ /ˌkɑntɹɪˈbjuʃənz/

Something given or offered that adds to a larger whole.

""Each student's contributions to the group project helped make it a success." "

accumulation noun

/ə.ˌkjuːm.jə.ˈleɪ.ʃən/

The act of amassing or gathering, as into a pile.

"The accumulation of snow made it difficult to open the front door. "

administered verb

/ədˈmɪnɪstəd/ /ədˈmɪnəstərd/

To cause to ingest (a drug), either by openly offering or through deceit.

"We administered the medicine to our dog by mixing it in his food."

superannuated verb

/ˌsupɚˈænjuˌeɪtɪd/

To retire or put out of use due to age.

"The company superannuated the old printing press because newer, faster models were available. "

deductions noun

/dɪˈdʌkʃənz/ /diˈdʌkʃənz/

That which is deducted; that which is subtracted or removed

"My salary was $1000, but after taxes and other deductions, my paycheck was only $700. "

employed verb

/ɛmˈplɔɪd/

To hire (somebody for work or a job).

"Yesterday our local garage employed a new mechanic."

independent noun

/ɪndɪˈpɛndənt/

A candidate or voter not affiliated with any political party, a freethinker, free of a party platform.

"The independent candidate ran for student council, appealing to voters who weren't loyal to any particular group. "

contributes verb

/kənˈtrɪbjuːts/ /ˈkɒntrɪbjuːts/

To give something that is or becomes part of a larger whole.

"to contribute articles to a journal"

obsolescence noun

/ˌɒb.səˈlɛ.səns/ /ˌɑb.səˈlɛ.səns/

The state of being obsolete—no longer in use; gone into disuse; disused or neglected.

"The old calculator's obsolescence meant it was no longer useful for my math homework. "

manufacturing verb

/ˌmænjʊˈfækt͡ʃəɹɪŋ/ /ˌmænjəˈfækt͡ʃəɹɪŋ/

To make things, usually on a large scale, with tools and either physical labor or machinery.

"The factory is manufacturing new bicycles for the upcoming spring season. "