Fringe Benefits
2002

The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $84,900/$63,000* or more during the calendar year of 2002. The money values set forth are computed on costs actually known as of January 2002.

  PAID BY THE CARRIER

PER YEAR

# DURING MONTH
  Railroad Retirement Tier 1 (6.20%)

$5,263.80

$ 438.65

  Railroad Retirement Tier 2 (15.60%)

9,828.00

819.00

1/ Unemployment (RUIA)

726.00

60.50

4/ Health Plan (GA-23000) (Inc.Life/AD&D)

10,037.76

836.48

  Health Plan - Retiree (GA-46000)

372.00

31.00

  (Health Plan - Retiree (GA-46000) Eff. March 1, 2002

(481.08)

(40.09)

  Dental Plan (GP-12000)

520.92

43.41

  Vision Plan

100.80

8.40

2/ Vacations

3,008.00

250.67

2/ Holidays

1,569.52

130.79

3/ Other

662.55

55.21

   

$ 32,089.35

$2,674.11

  (Effective March 1, 2002)

($32,198.43)

($2,683.20)

RAILROAD RETIREMENT TAX
Tier 1 (6.2%)

$ 5,263.80

$ 438.65

PAID BY EMPLOYEE
Tier 2 (4.9%)

$ 3,087.00

$ 257.25

 

$ 8,350.80

$ 695.90

* $84,900 represents the minimum annual wage subject to a maximum railroad retirement Tier 1 tax.
$63,000 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.
@ Supplemental Pension eliminated by Railroad Retirement & Survivors Improvement Act of 2001.
# 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 $1,100.00 per month and $13,200.00 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.