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.