Definition of superannuation
English to English noun - a monthly payment made to someone who is retired from work
source: WordNet 3.0 - the property of being out of date and not current
source: WordNet 3.0 - the act of discharging someone because of age (especially to cause someone to retire from service on a pension)
source: WordNet 3.0 - The state of being superannuated, or too old for office or business; the state of being disqualified by old age; decrepitude.
source: Webster 1913
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