superannuation
IPA: supɝˈænjʌwˈeɪʃʌn
noun
- (UK, 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.
- (uncountable) The condition or of being superannuated; old age or obsolescence.
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Examples of "superannuation" in Sentences
- • Minus any investments (such as superannuation) that would be cashed out.
- They'll pay it off as quickly as they can and then start working on their superannuation is my advice.
- The report has been released to coincide with a federal government review into superannuation, which is due to report in June.
- Industry research firm Watson Wyatt estimates Australian companies face a combined shortfall of as much as A$25 billion in these defined-benefit pension plans, known as superannuation in Australia.
- Australia's forced retirement savings, called superannuation, fueled Macquarie's model, which the bank asserted would offer the safety of bonds but with higher yields and less volatility than stocks.
- With a US$1.4 trillion pool of compulsory pension money--called superannuation—and a mining boom drawing in money from overseas, the country's market already has enough volume for many electronic traders.
- Gay public workers in the state of Victoria will now be able to pass on their pension benefits - called superannuation benefits in Australia - to their same-sex partners thanks to the new law, reports the
- It punches above its weight because Australia in 1992 introduced what is known as the superannuation guarantee, a compulsory savings regime that quarantines 9% of an individual's earnings into an account that can't be accessed until retirement.
- Given the country's more than 1 trillion Australian dollar ($90.0 billion) pool of compulsory pension contribution funds, called superannuation, global money managers increasingly have targeted the country's investor base in the wake of the global financial crisis.
- Mr. Swan said the rewrite of the banking act is needed to help the A$1 trillion pool of compulsory pension funds in Australia — called superannuation — invest more directly in the mortgage market, helping smaller lenders benefit from the savings of average Australians.