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. |
|