1999
FRINGE BENEFITS
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. |
UTU/R&S Dept
JANUARY, 1999
UTU Research Department | UTU Home Page
Copyright © 1999 United Transportation Union
Last modified: March 13, 2001