Fringe Benefits
2004

The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $87,900/$65,100* or more during the calendar year of 2004. The money values set forth are computed on costs actually known as of January 2004.

  PAID BY THE CARRIER

PER YEAR

# DURING MONTH
  Railroad Retirement Tier 1 (6.20%)

$5,449.80

$ 454.15

  Railroad Retirement Tier 2 (13.10%)

8,528.10

710.68

1/ Unemployment (RUIA)

752.58

62.72

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

11,129.64

927.47

  Health Plan - Retiree (GA-46000)

851.16

70.93

  Dental Plan (GP-12000)

626.40

52.20

  Vision Plan

110.52

9.21

2/ Vacations

3,008.00

250.67

2/ Holidays

1,569.52

130.79

3/ Other

662.55

55.21

   

$ 32,688.27

$2,724.03

       
RAILROAD RETIREMENT TAX
Tier 1 (6.2%)

$ 5,449.80

$ 454.15

PAID BY EMPLOYEE
Tier 2 (4.9%)

$ 3,189.90

$ 265.83

 

$ 8,639.70

$ 719.98

* $87,900 represents the minimum annual wage subject to a maximum railroad retirement Tier 1 tax.
$65,100 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 $1,130.00 per month and $13,560.00 per year. The maximum rate is 12.5%.
2/ Taxable to employee as income.
3/ Includes jury duty pay, bereavement pay, $300,000 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.
Employee contribution to Health Plan is $119.61/month effective November 1, 2003.
Employee contribution to Health Plan is $100.00/month effective July 1, 2004.
NOTE: Current information on Vacations, Holidays and Other no longer available. Information from 1987.