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English definition of “superannuation”

superannuation

noun [U] uk   /ˌsuː.pərˌæn.juˈeɪ.ʃən/ us    /-pɚ-/ mainly UK
money that people pay while they are working, so that they will receive payment when they stop working when they are old, or the payment they receive when they stop workingTrusts and funds
(Definition of superannuation from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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