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Railroad Retirement Marks 75th Anniversary
(Posted Auugust 29, 2010)
Answer: On August 29, 1935, President Roosevelt signed the 1935 Railroad Retirement Act. Since then, the Railroad Retirement Board has paid more than $281 billion in benefits to over 5.5 million people.
For 2010, the RRB expects to pay $11 billion in benefits to nearly 600,000 retired & disabled rail workers, and their spouses, widow(er)s and children.
On August 27, the RRB celebrated the 75th Anniversary with a gala luncheon in Chicago attended by 500 people.
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