Fringe
Benefits
2006
The following breakdown represents the estimated value of so-called
fringe benefits accruing to operating employees with annual wages of
$94,200/$69,900* or more during the calendar year of 2006. The money values set forth are computed on
costs actually known as of January 2006.
|
PAID BY THE CARRIER |
PER YEAR |
# DURING MONTH |
|
Railroad Retirement Tier 1 (6.20%) |
$5,840.40 |
$ 486.70 |
|
Railroad Retirement Tier 2 (12.60%) |
8,807.40 |
733.95 |
1/ |
Unemployment (RUIA) |
795.57 |
66.32 |
4/ |
Health Plan (GA-23000) (Inc.Life/AD&D) |
12,012.24 |
1,001.02 |
|
Health Plan - Retiree (GA-46000) |
1,054.32 |
87.86 |
|
Dental Plan (GP-12000) |
566.40 |
47.20 |
|
Vision Plan |
127.92 |
10.66 |
2/ |
Vacations |
3,008.00 |
250.67 |
2/ |
Holidays |
1,569.52 |
130.79 |
3/ |
Other |
662.55 |
55.21 |
|
|
$
34,444.62 |
$2,870.38 |
|
|
|
|
RAILROAD RETIREMENT TAX
Tier 1 (6.2%) |
$ 5,540.40 |
$ 486.70 |
PAID BY EMPLOYEE
Tier 2 (4.4%) |
$ 3,075.60 |
$ 256.30 |
|
$ 8,916.00 |
$ 743.00 |
|
|
* |
$94,200 represents the minimum annual wage
subject to a maximum railroad retirement Tier 1 tax.
$69,900 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
$1,195.00 per
month and $14,340.00 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.
Employee contribution to Health Plan is $106.11/month effective July 1,
2005.
Employee contribution to Health Plan is $131.96/month effective January 1,
2006. |
|
|
NOTE: |
Current
information on Vacations, Holidays and Other no longer available.
Information from 1987. |
|