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Railroad Retirement Marks 80th Anniversary
(Posted August 29, 2015)
Question 1239: What's special about August 29, 2015?
On August 29, 1935, President Roosevelt signed the 1935 Railroad Retirement Act. Since then, the Railroad Retirement Board has paid more than $310 billion in benefits to over six million people. The RRB now pays more than $12 billion in benefits annually to about 500,000 beneficiaries.
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