Superannuation vs Pension - What's the difference?
superannuation | pension |
(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,
* 1840 , John Henry Barrow (editor), The Mirror of Parliament , Volume 4,
* 1991 , John Godwin, Michael Costa, Julie Hamblin, Mark Duffy, David Patterson, Australian HIV/AIDS Legal Guide ,
* 2010 , Stephen J Marsden, Australian Master Bookkeepers Guide [2009/10] , 3rd Edition,
(uncountable) The act or process of being superannuated.
A gratuity paid regularly as benefit due to a person in consideration of past services; notably to one retired from service, on account of retirement age, disability or similar cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers; sometimes passed on to the heirs, or even specifically for them, as to the families of soldiers killed in service.
A stated regular allowance by way of patronage or subsidy, e.g. to meritorious artists, or the like.
Accommodations or the payment for accommodations, especially at a boarding house or small hotel in Europe.
A boarding house or small hotel, as in continental Europe, which offers lodging and certain meals and services.
(dated) A boarding school in France, Belgium, Switzerland, etc.
(archaic) A wage in active service
Pension is a synonym of superannuation.
As nouns the difference between superannuation and pension
is that 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 while pension is a gratuity paid regularly as benefit due to a person in consideration of past services; notably to one retired from service, on account of retirement age, disability or similar cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers; sometimes passed on to the heirs, or even specifically for them, as to the families of soldiers killed in service.As a verb pension is
to grant a pension.superannuation
English
Noun
(en-noun)page 137,
- One of the principal objections to it was, that the period of service, after which superannuations were granted, was too limited,.
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.
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.
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.
Synonyms
* (retirement fund) pension, super (colloquial) * (act of being superannuated) retirementpension
English
Noun
(en noun)- ''Pensioners depend on their pension to pay the bills
- A pension had somewhat less to offer than a hotel; it was always smaller, and never elegant; it sometimes offered breakfast, and sometimes not (John Irving).
