A pension scheme or retirement fund, particularly common in Australia and some other countries. Also refers to the state of being retired due to age or the process of becoming obsolete.
From Latin 'super' (above, beyond) + 'annus' (year) + '-ation' suffix, literally meaning 'beyond years.' First appeared in English in the 17th century referring to retirement due to old age, later evolving to describe pension systems.
In Australia, 'super' (short for superannuation) is as fundamental to financial planning as 401(k)s are in America, but the system is uniquely comprehensive - employers are required by law to contribute to every employee's superannuation fund. The word beautifully captures the concept of being 'beyond one's working years.'
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