Fringe
Benefits
1994
The following breakdown represents the
estimated value of so-called fringe benefits accruing to
operating employees with annual wages of $60,600/$45,000* or more during the calendar year of 1994. The money values
set forth are computed on costs actually known as of January 1994.
|
PAID BY THE CARRIER |
PER YEAR
|
# DURING
MONTH |
|
Railroad Retirement Tier 1
(6.20%) |
$3,757.20
|
$ 313.10
|
|
Railroad Retirement Tier 2
(16.10%) |
7,245.00
|
603.75
|
|
Supplemental Pension |
626.40
|
52.20
|
1/ |
Unemployment (RUIA) |
559.44
|
46.62
|
4/ |
Health Plan (GA-23000) |
4,690.32
|
390.86
|
4/ |
Health Plan - Retiree
(GA-46000) |
245.28
|
20.44
|
|
Dental Plan |
289.68
|
24.14
|
2/ |
Vacations |
3,008.00
|
250.67
|
2/ |
Holidays |
1,569.52
|
130.79
|
3/ |
Other |
662.55
|
55.21
|
|
|
$ 22,653.39
|
$1,887.78
|
RAILROAD
RETIREMENT TAX
Tier 1 |
$ 3,757.20
|
$ 313.10
|
PAID BY
EMPLOYEE
Tier 2 |
$ 2,205.00
|
$ 183.75
|
|
|
* |
$60,600
represents the minimum annual wage subject to a maximum
railroad retirement Tier 1 tax.
$45,000 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. |
# |
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 $840.00 per month and $10,080.00 per year. The maximum rate is
12%. |
2/ |
Taxable to
employee as income. |
3/ |
Includes jury
duty pay, bereavement pay, $150,000 AD&D and
liability insurance along with other miscellaneous items
attributable to fringe benefits. |
4/ |
Health plan rates apply to the so-called "new" level
benefits resulting from implementation of PEB-219 provisions. The
"old" level benefit rate for GA-23000 is $462.01 and for
GA-46000 is $22.02. |
NOTE: |
Current
information on Vacations, Holidays and Other no longer available.
Information from 1987. |
|