Fringe
Benefits
2000
The following breakdown represents the
estimated value of so-called fringe benefits accruing to operating employees
with annual wages of $76,200/$56,700* or
more during the calendar year of 2000. The money values set forth are computed
on costs actually known as of January 2000.
|
PAID BY THE CARRIER |
PER YEAR |
# DURING MONTH |
|
Railroad Retirement Tier 1 (6.20%) |
$4,724.40 |
$ 393.70 |
|
Railroad Retirement Tier 2 (16.10%) |
9,128.70 |
760.73 |
|
Supplemental Pension (26.5¢ hr x 2088 hrs) |
553.32 |
46.11 |
1/ |
Unemployment (RUIA) |
669.33 |
55.78 |
4/ |
Health Plan (GA-23000)(Inc.Life/AS&D) |
6,982.44 |
581.87 |
|
Health Plan - Retiree (GA-46000) |
268.20 |
22.35 |
|
Dental Plan |
443.52 |
36.96 |
|
Vision Plan |
90.12 |
7.51 |
2/ |
Vacations |
3,008.00 |
250.67 |
2/ |
Holidays |
1,569.52 |
130.79 |
3/ |
Other |
662.55 |
55.21 |
|
|
$ 28,100.10 |
$2,341.68 |
RAILROAD RETIREMENT TAX
Tier 1 (6.2%) |
$ 4,724.40 |
$ 393.70 |
PAID BY EMPLOYEE
Tier 2 (4.9%) |
$ 2,778.30 |
$ 231.53 |
|
$ 7,502.70 |
$ 625.23 |
|
|
* |
$72,600 represents the minimum annual wage
subject to a maximum railroad retirement Tier 1 tax.
$56,700 represents the minimum annual wage subject to the maximum railroad retirement Tier
2 tax.
Medicare is taxed at a rate of 1.45% with no annual maximum applicable. |
# |
Per year total divided on a pro-rata basis per
calendar month and rounded to the nearest 1 cent equivalent. |
1/ |
This tax requirement will vary from year to
year based upon the individual railroad's experience rating. The amount shown here is
based on the Tax Rate of 5.55% and based on employee earnings of not more than
$1,005.00 per
month and $12,060.00 per year. The maximum rate is 12.5%. |
2/ |
Taxable to employee as income. |
3/ |
Includes jury duty pay, bereavement pay,
$150,000 AD&D and liability insurance as part of the Off-Track Vehicle Accident
provisions, along with other miscellaneous items attributable to fringe benefits. |
4/ |
Employee contribution to Health Plan is $76.68
covering the period January, 1996 to July, 1998.
Employee contribution to Health Plan is $167.22 covering the period July, 1998 to December
31, 1999.
Employee contribution to Health Plan is $.04/hour COLA offset effective
December 31, 1999. |
|
|
NOTE: |
Current
information on Vacations, Holidays and Other no longer available.
Information from 1987. |
|