| An overview of the Railroad Retirement program. | |
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MedLine Citation:
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PMID: 19102137 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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In the 1930s, amidst concern about the ability of existing pension programs to provide former railroad workers with adequate assistance in old age, Congress established a national Railroad Retirement system. This system is primarily administered by the Railroad Retirement Board (RRB), which is an independent federal agency charged with providing benefits to eligible employees of the railroad industry and their families. Today, the Railroad Retirement program is closely tied to the far better-known Social Security program, and although the Railroad Retirement program and Social Security share a number of common elements, key differences also exist between the two in areas such as funding and benefit structure. This article aims to increase awareness and understanding of the Railroad Retirement program and its relationship with Social Security by examining the parallel development of these two retirement programs while illuminating areas where the two diverge. The history of the Railroad Retirement program, the benefits provided by the program, and RRB's financial operations are reviewed, using elements of the Social Security system as points of reference. |
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Authors:
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Kevin Whitman |
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Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Social security bulletin Volume: 68 ISSN: 0037-7910 ISO Abbreviation: Soc Secur Bull Publication Date: 2008 |
Date Detail:
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Created Date: 2008-12-23 Completed Date: 2009-02-13 Revised Date: - |
Medline Journal Info:
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Nlm Unique ID: 22030305R Medline TA: Soc Secur Bull Country: United States |
Other Details:
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Languages: eng Pagination: 41-51 Citation Subset: IM |
Affiliation:
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Office of Retirement and Disability Policy, Social Security Administration, USA. |
Export Citation:
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APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
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Humans Income Pensions* Railroads / economics* Retirement / economics* United States United States Social Security Administration |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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