Fringe
Benefits
1996
The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $62,700/$46,500* or more during the calendar year of 1996. The money values set forth are computed on costs actually known as of January 1996.
| PAID BY THE CARRIER | PER YEAR |
# DURING MONTH | ||
| Railroad Retirement Tier 1 (6.20%) | $3,887.40 |
$ 323.95 |
||
| Railroad Retirement Tier 2 (16.10%) | 7,486.50 |
623.88 |
||
| Supplemental Pension | 709.92 |
59.16 |
||
| 1/ | Unemployment (RUIA) | 576.09 |
48.01 |
|
| 4/ | Health Plan (GA-23000) | 5,407.44 |
450.62 |
|
| Health Plan - Retiree (GA-46000) | 190.68 |
15.89 |
||
| Dental Plan | 387.12 |
32.26 |
||
| 2/ | Vacations | 3,008.00 |
250.67 |
|
| 2/ | Holidays | 1,569.52 |
130.79 |
|
| 3/ | Other | 662.55 |
55.21 |
|
$ 23,885.22 |
$1,990.44 |
|||
| RAILROAD
RETIREMENT TAX Tier 1 (6.2%) |
$ 3,887.40 |
$ 323.95 |
||
| PAID BY
EMPLOYEE Tier 2 (4.9%) |
$ 2,278.50 |
$ 189.88 |
||
$ 6,165.90 |
$ 513.83 |
|||
| * | $62,700
represents the minimum annual wage subject to a maximum
railroad retirement Tier 1 tax. $46,500 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 $865.00 per month and $10,380.00 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. |
| NOTE: | Current information on Vacations, Holidays and Other no longer available. Information from 1987. |