Railroad Retirement Act of 1934

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Railroad Retirement Act of 1934

Legislation in the United States that established the first federally administered pension system intended to benefit non-government employees. The Act was found to be unconstitutional, but it laid the foundations for the Social Security Act of 1935. See also: Railroad Retirement Act of 1974.
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References in periodicals archive ?
The Railroad Retirement Act provides annuities for the widow(er), surviving divorced spouse, or remarried widow(er) of an employee.
An amendment of the Railroad Retirement Act which permitted early retired on reduced benefits for certain workers (Public Law 87-285, signed September 22, 1961);
annuities or pension payments under the Railroad Retirement Act and benefits under the Railroad Unemployment Insurance Act (Sec.
Buzzi, Frank J., Twenty-Second Actuarial Valuation of the Assets and Liabilities Under the Railroad Retirement Acts as of December 31, 2001 with Technical Supplement.