superannuation
Definitions
The action of retiring or being retired and receiving a pension.
A pension paid to a person who has retired from service.
Regular contributions made by an employee and employer into a fund to provide for an employee's retirement.
Examples
Most employees in Australia are required to have a superannuation fund where their employer contributes a percentage of their salary.
She decided to consult with a financial advisor to ensure her superannuation savings would be sufficient for a comfortable retirement.
Synonyms
retirement pension old-age allowance retirement benefit annuity