meaning of superannuation

Querist : Anonymous (Querist) 22 January 2011 This query is : Resolved
what is the difference between retirement and superannuation.plz clarify me with an example.

thanks and regards
mahesh

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Ajay Bansal (Expert) 22 January 2011
Retirement's period can be extended by superannuation's period upto three years, but superannuation's period can not be extended.

G. ARAVINTHAN (Expert) 22 January 2011
retirement can be attained at any age and any place.

But superannuation is termination of service after working for a long time and the based on the dis continuation for the reason of his old age

R.Ramachandran (Expert) 22 January 2011
Every organization will have a maximum age at which one has to retire. This is called superannuation.
There may be situations where one employee would be permitted to retire earlier, after putting in minimum number of years of service, this is called Voluntary retirement.
In some cases, the employee would be retired compulsorily before the age of superannuation, then that is called 'compulsory retirement'.
Normally retirement means superannuation, i.e. when the maximum age prescribed by the organization for retirement is attained.
For instance, currently 60 years is the age of superannuation/retirement in the Central Government.
The Judges of the High Court retire at the age of 62 years. The Age of retirement for the Judges of the Supreme Court is 65 years.

Advocate. Arunagiri (Expert) 22 January 2011
I agree with Mr.R.Ramachandran.

Adv. Sarjine Thomas (Expert) 29 January 2011
Retirement's period can be extended by superannuation's period upto three years, but superannuation's period can not be extended.

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