FRINGE
BENEFITS
1997
The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $65,400/$48,600 * or more during the calendar year of 1997. The money values set forth are computed on costs actually known as of January 1997.
| PAID BY THE CARRIER | PER YEAR |
# DURING MONTH | ||
| Railroad Retirement Tier 1 (6.20%) | $4,054.80 |
$ 337.90 |
||
| Railroad Retirement Tier 2 (16.10%) | 7,824.60 |
652.05 |
||
| Supplemental Pension | 730.80 |
60.90 |
||
| 1/ | Unemployment (RUIA) | 592.80 |
49.40 |
|
| 4/ | Health Plan (GA-23000) | 5,879.76 |
489.98 |
|
| Health Plan - Retiree (GA-46000) | 212.04 |
17.67 |
||
| Dental Plan | 353.28 |
29.44 |
||
| 2/ | Vacations | 3,008.00 |
250.67 |
|
| 2/ | Holidays | 1,569.52 |
130.79 |
|
| 3/ | Other | 662.55 |
55.21 |
|
$ 24,888.15 |
$2,074.01 |
|||
| RAILROAD
RETIREMENT TAX Tier 1 (6.2%) |
$ 4,054.80 |
$ 337.90 |
||
| PAID BY
EMPLOYEE Tier 2 (4.9%) |
$ 2,381.40 |
$ 198.45 |
||
$ 6,436.20 |
$ 536.35 |
|||
| * | $65,400
represents the minimum annual wage subject to a maximum
railroad retirement Tier 1 tax. $48,600 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 $890.00 per month and $10,680.00 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 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. |
| 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