Railroad Retirement Act of 1934
Also found in: Legal.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved