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English definition of “superannuation”

superannuation

noun [U]     /ˌsuːpərˌænjuˈeɪʃən/ US   /-pɚ-/ mainly UK HR, FINANCE
a system for employees of a particular company to make regular payments from their income to invest in a pension, also used to refer to the pension itself: superannuation schemes/funds/payments
(Definition of superannuation noun from the Cambridge Business English Dictionary © Cambridge University Press)
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