Superannuation is money which people pay regularly into a special fund so that when they retire from their job they will receive money regularly as a pension.
[mainly British, business]
The union pressed for a superannuation scheme.
superannuation in British English
(ˌsuːpərˌænjʊˈeɪʃən)
noun
1.
a.
the amount deducted regularly from employees' incomes in a contributory pension scheme
b.
the pension finally paid to such employees
2.
the act or process of superannuating or the condition of being superannuated
Examples of 'superannuation' in a sentence
superannuation
I'd lose a stack in superannuation -'I don't mean retire from the Service.