Fringe
Benefits
1998
The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $68,400/$50,700* or more during the calendar year of 1998. The money values set forth are computed on costs actually known as of January 1998.
| PAID BY THE CARRIER | PER YEAR |
# DURING MONTH | ||
| Railroad Retirement Tier 1 (6.20%) | $4,240.80 |
$ 353.40 |
||
| Railroad Retirement Tier 2 (16.10%) | 8,162.70 |
680.22 |
||
| Supplemental Pension | 730.80 |
60.90 |
||
| 1/ | Unemployment (RUIA) | 616.05 |
51.33 |
|
| 4/ | Health Plan (GA-23000) | 5,665.08 |
472.09 |
|
| Health Plan - Retiree (GA-46000) | 292.56 |
24.38 |
||
| Dental Plan | 379.20 |
31.60 |
||
| 2/ | Vacations | 3,008.00 |
250.67 |
|
| 2/ | Holidays | 1,569.52 |
130.79 |
|
| 3/ | Other | 662.55 |
55.21 |
|
$ 25,327.26 |
$2,110.59 |
|||
| RAILROAD
RETIREMENT TAX Tier 1 (6.2%) |
$ 4,240.80 |
$ 353.40 |
||
| PAID BY
EMPLOYEE Tier 2 (4.9%) |
$ 2,484.30 |
$ 207.02 |
||
$ 6,725.10 |
$ 560.42 |
|||
| * | $68,400
represents the minimum annual wage subject to a maximum
railroad retirement Tier 1 tax. $50,700 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 $925.00 per month and $11,100.00 per year. The maximum rate is 12.5%. |
| 2/ | Taxable to employee as income. |
| 3/ | Includes jury duty pay, bereavement pay, $150,000 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. |
| NOTE: | Current information on Vacations, Holidays and Other no longer available. Information from 1987. |