Examples of “superannuation” in a Sentence

noun A retirement savings scheme in which an employer, and often the employee too, pays a regular percentage of wages into a fund that is drawn on after retirement; the money held in such a fund.

• Her employer pays superannuation on top of her salary.
• He rolled his old superannuation into a single fund when he changed jobs.

noun The act of retiring someone, or of putting something out of service because it has become too old to be useful.

• The superannuation of the fleet was scheduled for the following spring.