Railroad Retirement Acts, 1934, 1937

   The Railroad Retirement Acts were federal laws providing annuity payments for railroad workers, with two-thirds paid for by the companies and one-third by the workers, with retirement at age 65. The first act was declared unconstitutional by the Supreme Court in 1935. It was replaced by the Railroad Retirement Act of 1937, which incorporated similar provision but was financed through a tax levied on carriers and employees.

Historical Dictionary of the Roosevelt–Truman Era . . 2015.

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