Superannuation: meaning, definitions and examples
๐ฐ
superannuation
[ หsuหpษrหรฆnjuหeษชสษn ]
retirement savings
Superannuation refers to a retirement savings fund that is set up by an employer for the benefit of their employees. It is a way for employees to save money for their retirement, with contributions made regularly during their working years.
Synonyms
pension fund, retirement fund, savings plan
Examples of usage
- Many companies offer superannuation as part of their employee benefits package.
- It's important to start contributing to your superannuation fund early to ensure a comfortable retirement.
Translations
Translations of the word "superannuation" in other languages:
๐ต๐น aposentadoria
๐ฎ๐ณ เคชเฅเคเคถเคจ
๐ฉ๐ช Altersversorgung
๐ฎ๐ฉ pensiun
๐บ๐ฆ ะฟะตะฝััั
๐ต๐ฑ emerytura
๐ฏ๐ต ๅนด้
๐ซ๐ท retraite
๐ช๐ธ jubilaciรณn
๐น๐ท emeklilik
๐ฐ๐ท ์ฐ๊ธ
๐ธ๐ฆ ุงูู ุนุงุด
๐จ๐ฟ dลฏchod
๐ธ๐ฐ dรดchodok
๐จ๐ณ ๅ ป่้
๐ธ๐ฎ pokojnina
๐ฎ๐ธ lรญfeyrir
๐ฐ๐ฟ ะทะตะนะฝะตัะฐาั
๐ฌ๐ช แแแแกแแ
๐ฆ๐ฟ pensiya
๐ฒ๐ฝ jubilaciรณn
Word origin
The term 'superannuation' originated in the UK in the early 19th century and was initially used to refer to a pension paid to military personnel who had served for a certain number of years. Over time, the concept evolved to include retirement savings plans for civilian employees as well. The word itself is a combination of 'super' (meaning above or beyond) and 'annuation' (from the Latin 'annus' meaning year), reflecting the idea of savings for the future beyond the current year.