The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $90,000/$66,900* or more during the calendar year of 2005. The money values set forth are computed on costs actually known as of January 2005.
| PAID BY THE CARRIER | PER YEAR | # DURING MONTH |
|---|---|---|
| Railroad Retirement Tier 1 (6.20%) | $5,580.00 | $465.00 |
| Railroad Retirement Tier 2 (12.60%) | $8,429.40 | $702.45 |
| Unemployment (RUIA) | $765.96 | $63.83 |
| Health Plan (GA-23000) (Incl. Life/AD&D) | $11,318.52 | $943.21 |
| Health Plan – Retiree (GA-46000) | $1,086.84 | $90.57 |
| Dental Plan (GP-12000) | $566.40 | $47.20 |
| Vision Plan | $130.08 | $10.84 |
| Vacations | $3,008.00 | $250.67 |
| Holidays | $1,569.52 | $130.79 |
| Other | $662.55 | $55.21 |
| Total – Paid by the Carrier | $33,117.27 | $2,759.77 |
| RAILROAD RETIREMENT TAX – PAID BY EMPLOYEE | ||
| Description | Per Year | During Month |
| Tier 1 (6.2%) | $5,580.00 | $465.00 |
| Tier 2 (4.4%) | $2,943.60 | $245.30 |
| Total – Paid by Employee | $8,523.60 | $710.30 |
* $90,000 represents the minimum annual wage subject to a maximum railroad retirement Tier 1 tax.
$66,900 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.
@ Supplemental Pension eliminated by Railroad Retirement & Survivors Improvement Act of 2001.
# 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 $1,150.00 per month and $13,800.00 per year. The maximum rate is 12.5%.
2/ Taxable to employee as income.
3/ Includes jury duty pay, bereavement pay, $300,000 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.
Employee contribution to Health Plan is $.04/hour COLA offset effective December 31, 1999.
Employee contribution to Health Plan is $119.61/month effective November 1, 2003.
Employee contribution to Health Plan is $100.00/month effective July 1, 2004.
NOTE: Current information on Vacations, Holidays and Other no longer available. Information from 1987.
