Retirement vs Superannuation what difference

what is difference between Retirement and Superannuation

English

Etymology

From French retirement, from retirer (withdraw, retire); corresponding to retire +‎ -ment.

Pronunciation

  • (UK) IPA(key): /ɹəˈtaɪə(ɹ).mənt/

Noun

retirement (countable and uncountable, plural retirements)

  1. An act of retiring; withdrawal. [from 16th c.]
  2. (uncountable) The state of being retired; seclusion. [from 17th c.]
  3. (now rare) A place of seclusion or privacy; a retreat. [from 17th c.]
    • 1788, Mary Wollstonecraft, Mary, Oxford 2009, p. 12:
      When her mother frowned, and her friend looked cool, she would steal to this retirement, where human foot seldom trod [] .
  4. The state of having permanently left one’s employment, now especially at reaching pensionable age; the portion of one’s life after retiring from one’s career. [from 17th c.]
  5. The act of leaving one’s career or employment permanently. [from 17th c.]
    • 2012, Chelsea 6-0 Wolves [1]
      The Chelsea captain was a virtual spectator as he was treated to his side’s biggest win for almost two years as Stamford Bridge serenaded him with chants of “there’s only one England captain,” some 48 hours after he announced his retirement from international football.

Synonyms

  • (act of retiring): departure, withdrawment
  • (state of being retired): privacy, seclusion, solitude
  • (place of seclusion or privacy): retreat

Derived terms

Related terms

  • retire

Translations



English

Etymology

superannuate +‎ -ion, from superannuated

Pronunciation

  • (General Australian) IPA(key): /ˈs(j)ʉːpəˌɹænjʉːˈæɪʃn̩/

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


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