superannuation

Etymology

superannuate + -ion, from superannuated

noun

1. (UK, Australia, New Zealand) 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.
   One of the principal objections to it was, that the period of service, after which superannuations were granted, was too limited,[…]. 1823, Edmund Burke, editor, Annual Register: 1822, volume 64, page 137
   I think it would be harsh to deprive them of their superannuations without a knowledge of the circumstances under which they are proposed. 1840, John Henry Barrow, editor, The Mirror of Parliament, volume 4, page 2867
   A person must not discriminate by failing to supply superannuation or insurance, or in the terms on which, or in the way in which superannuation or insurance is supplied. 1991, John Godwin, Michael Costa, Julie Hamblin, Mark Duffy, David Patterson, Australian HIV/AIDS Legal Guide, page 465
   If an entity employs temporary residents who are eligible for the superannuation guarantee, then the entity is required to make superannuation contributions for them. 2010, Stephen J Marsden, Australian Master Bookkeepers Guide [2009/10], 3rd edition, page 578
2. (uncountable) The condition or of being superannuated; old age or obsolescence.
   Those words appearing to be merely the ravings of superannuation, they were not regarded; but when no other traces of Mary could be found, old Andrew went up to consult this crazy dame once more, but he was not able to bring any such thing to her recollection. 1828, James Hogg, Mary Burnet