different between oldage vs superannuation

English

Etymology

superannuate +? -ion, from superannuated

Pronunciation

• (General Australian) IPA^(key): /?s(j)??p???ænj???æ??n?/

Noun

superannuation (usually uncountable, plural superannuations)

1. (Britain, 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.
   • 1823, Edmund Burke (editor), Annual Register: 1822, Volume 64, page 137,

     One of the principal objections to it was, that the period of service, after which superannuations were granted, was too limited, […] .

   • 1840, John Henry Barrow (editor), The Mirror of Parliament, Volume 4, page 2867,

     I think it would be harsh to deprive them of their superannuations without a knowledge of the circumstances under which they are proposed.

   • 1991, John Godwin, Michael Costa, Julie Hamblin, Mark Duffy, David Patterson, Australian HIV/AIDS Legal Guide, page 465,

     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.

   • 2010, Stephen J Marsden, Australian Master Bookkeepers Guide [2009/10], 3rd Edition, page 578,

     If an entity employs temporary residents who are eligible for the superannuation guarantee, then the entity is required to make superannuation contributions for them.

2. (uncountable) The condition or of being superannuated; old age or obsolescence.

Synonyms

• (retirement fund): pension, super (colloquial)
• (act of being superannuated): retirement

Translations