superannuation noun2 •(UK, Australia) 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.One of the principal objections to it was, that the period of service, after which superannuations were granted, was too limited,[…]. — 1823 •The condition or of being superannuated; old age or obsolescence. formssuperannuations