Outrageously Funny Word Dictionary :: Superannuate

👉 "Superannuated" is a technical term in accounting and finance that refers to an entity or individual who has reached the age of 65 years (or more) without having retired from work. This means they are considered "superannuated" because they have not completed retirement benefits, such as pension contributions or disability payments.

superannuated

👉 "Superannuate" is a phrase used in Australia and New Zealand to describe someone who has reached the legal age of retirement (generally 65) but remains employed by their employer. This typically means that they are not eligible for full pension benefits under the Australian National Insurance Act, which covers all workers aged 18 or over. In some jurisdictions, superannuation is often considered a "right", allowing individuals to contribute and save towards retirement savings without having to go through the traditional

superannuate