superannuation

Estimated CEFR level: C2 — Proficiency

Estimated from word frequency; not an official CEFR classification.

Definition

noun a monthly payment made to someone who is retired from work
noun the property of being out of date and not current
noun the act of discharging someone because of age (especially to cause someone to retire from service on a pension)

From superannuate + -ion, from superannuated.

"Well, then," said Phil, consulting his paper again, "I give up the superannuation advantages. — Post Haste, R. M. (Robert Michael) Ballantyne
As they are only to have four instead of six Clerks of Session in Scotland, it will be their interest to let me retire on a superannuation. — The Journal of Sir Walter Scott: From the Original Manuscript at Abbotsford, Walter Scott

old-age pension, retirement pension, retirement check, retirement benefit, retirement fund

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