Fringe
Benefits
2005
The following breakdown represents the estimated value of so-called
fringe benefits accruing to operating employees with annual wages of
$90,000/$66,900* or more during the calendar year of 2005. The money values set forth are computed on
costs actually known as of January 2005.
|
PAID BY THE CARRIER |
PER YEAR |
# DURING MONTH |
|
Railroad Retirement Tier 1 (6.20%) |
$5,580.00 |
$ 465.00 |
|
Railroad Retirement Tier 2 (12.60%) |
8,429.40 |
702.45 |
1/ |
Unemployment (RUIA) |
765.96 |
63.83 |
4/ |
Health Plan (GA-23000) (Inc.Life/AD&D) |
11,318.52 |
943.21 |
|
Health Plan - Retiree (GA-46000) |
1,086.84 |
90.57 |
|
Dental Plan (GP-12000) |
566.40 |
47.20 |
|
Vision Plan |
130.08 |
10.84 |
2/ |
Vacations |
3,008.00 |
250.67 |
2/ |
Holidays |
1,569.52 |
130.79 |
3/ |
Other |
662.55 |
55.21 |
|
|
$
33,117.27 |
$2,759.77 |
|
|
|
|
RAILROAD RETIREMENT TAX
Tier 1 (6.2%) |
$ 5,580.00 |
$ 465.00 |
PAID BY EMPLOYEE
Tier 2 (4.4%) |
$ 2,943.60 |
$ 245.30 |
|
$ 8,523.60 |
$ 710.30 |
|
|
* |
$90,000 represents the minimum annual wage
subject to a maximum railroad retirement Tier 1 tax.
$66,900 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
$1,150.00 per
month and $13,800.00 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.
Employee contribution to Health Plan is $119.61/month effective November 1,
2003.
Employee contribution to Health Plan is $100.00/month effective July 1,
2004. |
|
|
NOTE: |
Current
information on Vacations, Holidays and Other no longer available.
Information from 1987. |
|