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What does superannuation mean?

Looking for the meaning or definition of the word superannuation? Here's what it means.

Noun
  1. (Britain, 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.
  2. (uncountable) The condition or process of being superannuated.
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These trends could see future Generation X and Y workers spending more time in positions where superannuation contributions are not compulsory.
But the outcome would normally be that the policy would be cashed in before the superannuation fund moneys were paid over.
And all of this is aimed at propping up the leeching bludgers from the non-industry superannuation sector.
To their discredit, neither has cut superannuation taxes significantly or made the super system simpler.
This involves dedicating 8 per cent of taxation revenue to a superannuation fund which is then invested to build a portfolio of financial assets.
So she was gazetted as a full-time employee with superannuation benefits and so on.

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