Fringe
Benefits
2003
The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $87,000/$64,500* or more during the calendar year of 2003. The money values set forth are computed on costs actually known as of January 2003.
| PAID BY THE CARRIER | PER YEAR |
# DURING MONTH | ||
| Railroad Retirement Tier 1 (6.20%) | $5,394.00 |
$ 449.50 |
||
| Railroad Retirement Tier 2 (14.20%) | 9,159.00 |
763.25 |
||
| 1/ | Unemployment (RUIA) | 745.92 |
62.16 |
|
| 4/ | Health Plan (GA-23000) (Inc.Life/AD&D) |
10,499.40 |
874.95 |
|
| Health Plan - Retiree (GA-46000) |
788.76 |
65.73 |
||
| Dental Plan (GP-12000) |
626.40 |
52.20 |
||
| Vision Plan |
103.32 |
8.61 |
||
| 2/ | Vacations | 3,008.00 |
250.67 |
|
| 2/ | Holidays | 1,569.52 |
130.79 |
|
| 3/ | Other | 662.55 |
55.21 |
|
$ 32,556.87 |
$2,713.07 |
|||
| RAILROAD RETIREMENT TAX Tier 1 (6.2%) |
$ 5,394.00 |
$ 449.50 |
||
| PAID BY EMPLOYEE Tier 2 (4.9%) |
$ 3,160.50 |
$ 263.38 |
||
$ 8,554.50 |
$ 712.88 |
|||
| * | $87,000 represents the minimum annual wage
subject to a maximum railroad retirement Tier 1 tax. $64,500 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. |
| @ | Supplemental Pension eliminated by Railroad Retirement & Survivors Improvement Act of 2001. |
| # | 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 $1,120.00 per month and $13,440.00 per year. The maximum rate is 12.5%. |
| 2/ | Taxable to employee as income. |
| 3/ | Includes jury duty pay, bereavement pay, $300,000 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. |