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. |