superannuate

IPA: supɝˈænjʌwʌt

(transitive) To retire or put out of use due to age.
(transitive) To show to be obsolete due to age.
(intransitive) To retire due to age.
(intransitive) To become obsolete or antiquated.
(transitive) To give a pension to, on account of old age or other infirmity; to cause to retire from service on a pension.

Examples of "superannuate" in Sentences

The company decided to superannuate older employees in order to make room for newer, younger hires
Some countries have policies in place to prevent discrimination against superannuated workers in the workforce
It's important for individuals to plan for their financial future so they don't have to rely solely on superannuation in retirement
The government is considering increasing the age at which individuals can access their superannuation funds
Many people worry about not having enough saved in their superannuation account to live comfortably in retirement