H.R.626 - Federal Government - To amend the Railroad Retirement Act of 1974 to provide that a current connection is not lost by an individual who is misled or not properly informed by the Railroad Retirement Board of the requirement for, and the circumstances resulting in the loss of, a current connection.

Railroad Retirement Fairness Act - Amends the Railroad Retirement Act of 1974 to provide that an individual who, at the time the individual makes an inquiry to the Railroad Retirement Board, has a current connection with the railroad industry shall not be deemed to have lost that current connection if: (1) the Board misleads or fails to properly inform that individual about that requirement; and (2) that conduct by the Board, according to the principles of equity, should stop the Board from deeming the individual to have lost that current connection.

Makes such amendment applicable with respect to annuities applied for on or after February 3, 1989.