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Simple English definitions for legal terms
RRB
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A quick definition of RRB:
Term: RRB
Definition: RRB stands for Railroad Retirement Board. It is an organization that helps people who work for the railroad industry save money for their retirement. Just like how you save money in a piggy bank, people who work for the railroad put some of their money into a special account that the RRB manages. When they retire, they can use that money to help them live comfortably.
A more thorough explanation:
RRB
RRB is an abbreviation for Railroad Retirement Board. It is a government agency that manages retirement benefits for railroad workers.
1. John worked for a railroad company for 30 years and is now receiving retirement benefits from RRB.
2. The RRB website provides information on how to apply for retirement benefits and how to calculate your benefits.
These examples illustrate how RRB is responsible for managing retirement benefits for railroad workers. Example 1 shows how someone who worked for a railroad company can receive retirement benefits from RRB. Example 2 shows how RRB provides information on how to apply for benefits and how to calculate them.