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    What is the meaning of the word "Superannuation"?
    Question

    What is the meaning of the word "Superannuation"?

    A.

    A system of retirement benefits for employees

    B.

    The act of receiving a bonus

    C.

    A type of insurance for future health care

    D.

    The process of becoming too old to work

    Correct option is A

    The correct one-word for the given group of words is (a) Superannuation.
    Explain the correct answer (Hindi meaning): Superannuation refers to an employer-supported retirement-benefits system or pension fund into which contributions are made during employment, providing income after retirement (Hindi: सेवानिवृत्ति निधि/पेंशन योजना).
    Example: Many companies contribute a fixed percentage of salary to employees’ superannuation funds.
    Meanings of the given other options:
    · (b) The act of receiving a bonus — A bonus is an extra payment as a reward (Hindi: अतिरिक्त पारिश्रमिक/बोनस).
    · (c) A type of insurance for future health care — Health insurance/medical coverage (Hindi: स्वास्थ्य बीमा).
    · (d) The process of becoming too old to work — That is retirement due to age (Hindi: आयुजन्य सेवानिवृत्ति). Note: While superannuation can be associated with retirement at a certain age, in HR/finance usage it specifically denotes the benefit/fund system, not merely the state of being too old to work.

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