Fringe
Benefits
1996
The following breakdown represents the
estimated value of so-called fringe benefits accruing to
operating employees with annual wages of $62,700/$46,500* or more during the calendar year of 1996. The money values
set forth are computed on costs actually known as of January 1996.
|
PAID BY THE CARRIER |
PER YEAR
|
# DURING
MONTH |
|
Railroad Retirement Tier 1
(6.20%) |
$3,887.40
|
$ 323.95
|
|
Railroad Retirement Tier 2
(16.10%) |
7,486.50
|
623.88
|
|
Supplemental Pension |
709.92
|
59.16
|
1/ |
Unemployment (RUIA) |
576.09
|
48.01
|
4/ |
Health Plan (GA-23000) |
5,407.44
|
450.62
|
|
Health Plan - Retiree
(GA-46000) |
190.68
|
15.89
|
|
Dental Plan |
387.12
|
32.26
|
2/ |
Vacations |
3,008.00
|
250.67
|
2/ |
Holidays |
1,569.52
|
130.79
|
3/ |
Other |
662.55
|
55.21
|
|
|
$ 23,885.22
|
$1,990.44
|
RAILROAD
RETIREMENT TAX
Tier 1 (6.2%) |
$ 3,887.40
|
$ 323.95
|
PAID BY
EMPLOYEE
Tier 2 (4.9%) |
$ 2,278.50
|
$ 189.88
|
|
$ 6,165.90
|
$ 513.83
|
|
|
* |
$62,700
represents the minimum annual wage subject to a maximum
railroad retirement Tier 1 tax.
$46,500 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 $865.00 per month and $10,380.00 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. |
|
|
NOTE: |
Current
information on Vacations, Holidays and Other no longer available.
Information from 1987. |
|