FRINGE
BENEFITS
1995
The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $61,200/$45,300 * or more during the calendar year of 1995. The money values set forth are computed on costs actually known as of January 1995.
| PAID BY THE CARRIER | PER YEAR |
# DURING MONTH | ||
| Railroad Retirement Tier 1 (6.20%) | $3,794.40 |
$ 316.20 |
||
| Railroad Retirement Tier 2 (16.10%) | 7,293.30 |
607.77 |
||
| Supplemental Pension | 689.04 |
57.42 |
||
| 1/ | Unemployment (RUIA) | 561.00 |
46.75 |
|
| 4/ | Health Plan (GA-23000) | 5,447.40 |
453.95 |
|
| Health Plan - Retiree (GA-46000) | 221.16 |
18.43 |
||
| Dental Plan | 352.32 |
29.36 |
||
| 2/ | Vacations | 3,008.00 |
250.67 |
|
| 2/ | Holidays | 1,569.52 |
130.79 |
|
| 3/ | Other | 662.55 |
55.21 |
|
$ 23,598.69 |
$1,966.82 |
|||
| RAILROAD
RETIREMENT TAX Tier 1 (6.2%) |
$ 3,794.40 |
$ 316.20 |
||
| PAID BY
EMPLOYEE Tier 2 (4.9%) |
$ 2,219.70 |
$ 184.97 |
||
| * | $61,200
represents the minimum annual wage subject to a maximum
railroad retirement Tier 1 tax. $45,300 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 $850.00 per month and $10,200.00 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. |
| 4/ | Health plan rates apply to the so-called "new" level benefits resulting from implementation of PEB-219 provisions. The "old" level benefit rate for GA-23000 is $486.49 and for GA-46000 is $18.43. |
| NOTE: | Current information on Vacations, Holidays and Other no longer available. Information from 1987. |
UTU
Research Department | UTU Home Page
Copyright © 1997 United Transportation
Union
Last modified: March 13, 2001