Fringe
Benefits
1999
The following breakdown represents the estimated value of so-called
fringe benefits accruing to operating employees with annual wages of
$72,600/$53,700* or more during the calendar year of 1999. The money values set forth are computed on
costs actually known as of January 1999.
|
PAID BY THE CARRIER |
PER YEAR |
# DURING MONTH |
|
Railroad Retirement Tier 1 (6.20%) |
$4,501.20 |
$ 375.10 |
|
Railroad Retirement Tier 2 (16.10%) |
8,645.70 |
720.48 |
|
Supplemental Pension (27¢ hr x 2088 hrs) |
563.76 |
46.98 |
1/ |
Unemployment (RUIA) |
646.02 |
53.84 |
4/ |
Health Plan (GA-23000) |
5,374.68 |
447.89 |
|
Health Plan - Retiree (GA-46000) |
209.52 |
17.46 |
|
Dental Plan |
421.80 |
35.15 |
2/ |
Vacations |
3,008.00 |
250.67 |
2/ |
Holidays |
1,569.52 |
130.79 |
3/ |
Other |
662.55 |
55.21 |
|
|
$ 25,602.75 |
$2,133.57 |
RAILROAD RETIREMENT TAX
Tier 1 (6.2%) |
$ 4,501.20 |
$ 375.10 |
PAID BY EMPLOYEE
Tier 2 (4.9%) |
$ 2,631.30 |
$ 219.28 |
|
$ 7,132.50 |
$ 594.38 |
|
|
* |
$72,600 represents the minimum annual wage
subject to a maximum railroad retirement Tier 1 tax.
$53,700 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 $970.00 per
month and $11,640.00 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. |
|