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. |
|