Definition of Railroad Retirement

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TeachMeFinance.com - explain Railroad Retirement



Railroad Retirement

The term 'Railroad Retirement ' as it applies to the area of Medicare in the United States can be defined as ' A federal insurance program similar to Social Security designed for workers in the railroad industry. The provisions of the Railroad Retirement Act provide for a system of coordination and financial interchange between the Railroad Retirement program and the Social Security program'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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