Fringe
Benefits
2001
The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $80,400/$59,700* or more during the calendar year of 2001. The money values set forth are computed on costs actually known as of January 2001.
| PAID BY THE CARRIER | PER YEAR |
# DURING MONTH | ||
| Railroad Retirement Tier 1 (6.20%) | $4,984.40 |
$ 415.40 |
||
| Railroad Retirement Tier 2 (16.10%) | 9,611.70 |
800.98 |
||
| Supplemental Pension (26.5¢ hr x 2088 hrs) | 542.88 |
45.24 |
||
| 1/ | Unemployment (RUIA) | 693.00 |
57.75 |
|
| 4/ | Health Plan (GA-23000)(Inc.Life/AS&D) | 8,466.24 |
705.52 |
|
| Health Plan - Retiree (GA-46000) | 364.20 |
30.35 |
||
| Dental Plan |
519.24 |
43.27 |
||
| Vision Plan |
90.12 |
7.51 |
||
| 2/ | Vacations | 3,008.00 |
250.67 |
|
| 2/ | Holidays | 1,569.52 |
130.79 |
|
| 3/ | Other | 662.55 |
55.21 |
|
$ 30,512.25 |
$2,542.69 |
|||
| RAILROAD RETIREMENT TAX Tier 1 (6.2%) |
$ 4,984.80 |
$ 415.40 |
||
| PAID BY EMPLOYEE Tier 2 (4.9%) |
$ 2,925.30 |
$ 243.78 |
||
$ 7,910.10 |
$ 659.18 |
|||
| * | $80,400 represents the minimum annual wage
subject to a maximum railroad retirement Tier 1 tax. $59,700 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 $1,050.00 per month and $12,600.00 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. Employee contribution to Health Plan is $.04/hour COLA offset effective December 31, 1999. |
| NOTE: | Current information on Vacations, Holidays and Other no longer available. Information from 1987. |