a monthly payment made to someone who is retired from work
<noun.possession>
the property of being out of date and not current
<noun.attribute>
the act of discharging someone because of age (especially to cause someone to retire from service on a pension)
<noun.act>
Superannuation \Su`per*an`nu*a"tion\, n. The state of being superannuated, or too old for office or business; the state of being disqualified by old age; decrepitude.
The world itself is in a state of superannuation. --Cowper.
Slyness blinking through the watery eye of superannuation. --Coleridge.
This policy is funded to the maximum allowed by the Inland Revenue. In February this year, I took on a full-time job in addition to my self-employed work, and I joined my employer's superannuation scheme.
Changes to Australia's pension arrangements mean that institutionally-managed superannuation funds are booming.
Operating profit after tax was 'in line with earlier expectations' even though it 'absorbed further write-downs in the value of listed shares and adverse movement in the actuarial value of staff superannuation fund surpluses'.