A bill to amend the Railroad Retirement Act of 1937 to provide that any railroad employee may retire on full annuity at age 55 with 30 years' service, and to provide for payment of full spouse's annuities at age 55 ( or reduced spouse's annuities at age 52).

Provides under the Railroad Retirement Act of 1937 that any railroad employee may retire on full annuity at age fifty-five with thirty years' service. Authorizes payment of full spouse's annuities at age fifty-five (or reduced spouse's annuities at age fifty-two).