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The U.S. Railroad Retirement Board (RRB) is an independent agency in the executive branch of the United States government created in 1935 [2] to administer a social insurance program providing retirement benefits to the country's railroad workers.
The Railroad Retirement Revenue Act of 1983, also known as the Railroad Retirement Solvency Act of 1983 (Public Law 98-76), was passed on August 12, 1983. Among other things, it raised tax rates for the railroad retirement taxes.
Its similarity with the Social Security Act meant the test of the railroad pension regime would serve as an indicator of whether Roosevelt's ambitious retirement program would be found constitutional. [26] The railroad pension was designed to encourage older rail workers to retire, thereby creating jobs for younger railroaders desperately in ...
The Railroad Retirement Program is a federal program that extends retirement benefits to railroad employees. The program was established in the 1930s and in addition to retirement benefits, it ...
The U.S. Railroad Retirement Board; Regional Rural Banks, a type of financial institution in India This page was last edited on 31 ...
1884: Baltimore and Ohio Railroad establishes the first pension plan by a major employer, allowing workers at age 65 who had worked for the railroad for at least 10 years to retire and receive benefits ranging from 20 to 35% of wages. [4] 1889: The American Express Company creates the first pension plan in the United States. [5]
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Manfredo M. Salinas was an employee of the Union Pacific Railroad for a fifteen-year period and was injured twice while working. [1] In 1992, due to his injuries, Salinas began the process of seeking disability benefits provided under the Railroad Retirement Act of 1974. [1] His application was denied three times, the final denial occurring in ...