Fringe
Benefits
2008
The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $102,000/$75,900* or more during the calendar year of 2008. The money values set forth are computed on costs actually known as of January 2008.
| PAID BY THE CARRIER | PER YEAR |
# DURING MONTH | ||
| Railroad Retirement Tier 1 (6.20%) | $ 6,324.00 |
$ 527.00 |
||
| Railroad Retirement Tier 2 (12.10%) | 9,183.90 |
765.33 |
||
| 1/ | Unemployment (RUIA) | 852.48 |
71.04 |
|
| 4/ | Health Plan (GA-23000) (Inc.Life/AD&D) |
12,919.32 |
1,076.61 |
|
| Health Plan - Retiree (GA-46000) |
1,331.76 |
110.98 |
||
| Dental Plan (GP-12000) |
548.64 |
45.72 |
||
| Vision Plan |
121.92 |
10.16 |
||
| 2/ | Vacations | 3,008.00 |
250.67 |
|
| 2/ | Holidays | 1,569.52 |
130.79 |
|
| 3/ | Other | 662.55 |
55.21 |
|
$ 36,522.09 |
$3,043.51 |
|||
| RAILROAD RETIREMENT TAX Tier 1 (6.2%) |
$ 6,324.00 |
$ 527.00 |
||
| PAID BY EMPLOYEE Tier 2 (3.9%) |
$ 2,960.10 |
$ 246.68 |
||
$ 9,284.10 |
$ 773.68 |
|||
| * | $102,000 represents the minimum annual wage
subject to a maximum railroad retirement Tier 1 tax. $75,900 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 $1,280.00 per month and $15,360.00 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. Employee contribution to Health Plan is $148.98/month effective January 1, 2007. Employee contribution to Health Plan is $160.33/month effective July 1, 2007. Employee contribution to Health Plan is $170.44/month effective January 1, 2008. |
| NOTE: | Current information on Vacations, Holidays and Other no longer available. Information from 1987. |