Fringe Benefits
2006

The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $94,200/$69,900* or more during the calendar year of 2006. The money values set forth are computed on costs actually known as of January 2006.

  PAID BY THE CARRIER

PER YEAR

# DURING MONTH
  Railroad Retirement Tier 1 (6.20%)

$5,840.40

$ 486.70

  Railroad Retirement Tier 2 (12.60%)

8,807.40

733.95

1/ Unemployment (RUIA)

795.57

66.32

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

12,012.24

1,001.02

  Health Plan - Retiree (GA-46000)

1,054.32

87.86

  Dental Plan (GP-12000)

566.40

47.20

  Vision Plan

127.92

10.66

2/ Vacations

3,008.00

250.67

2/ Holidays

1,569.52

130.79

3/ Other

662.55

55.21

   

$ 34,444.62

$2,870.38

       
RAILROAD RETIREMENT TAX
Tier 1 (6.2%)

$ 5,540.40

$ 486.70

PAID BY EMPLOYEE
Tier 2 (4.4%)

$ 3,075.60

$ 256.30

 

$ 8,916.00

$ 743.00

* $94,200 represents the minimum annual wage subject to a maximum railroad retirement Tier 1 tax.
$69,900 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 $1,195.00 per month and $14,340.00 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.
Employee contribution to Health Plan is $106.11/month effective July 1, 2005.
Employee contribution to Health Plan is $131.96/month effective January 1, 2006.
NOTE: Current information on Vacations, Holidays and Other no longer available. Information from 1987.