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Superannuate vs Superannuation - What's the difference?

superannuate | superannuation |

As a verb superannuate

is to retire or put out of use due to age.

As a noun superannuation is

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.

superannuate

English

Verb

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

    • superannuation

    English

    Noun

    (en-noun)
  • (usually, uncountable, 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.
  • * 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.
  • (uncountable) The act or process of being superannuated.

    • Synonyms

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