Fringe
Benefits
2007
The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $97,500/$72,600* or more during the calendar year of 2007. The money values set forth are computed on costs actually known as of January 2007.
| PAID BY THE CARRIER | PER YEAR |
# DURING MONTH | ||
| Railroad Retirement Tier 1 (6.20%) | $ 6,045.00 |
$ 503.75 |
||
| Railroad Retirement Tier 2 (12.10%) | 8,784.60 |
732.05 |
||
| 1/ | Unemployment (RUIA) | 819.24 |
68.27 |
|
| 4/ | Health Plan (GA-23000) (Inc.Life/AD&D) |
13,171.92 |
1,097.66 |
|
| Health Plan - Retiree (GA-46000) |
1,068.72 |
89.06 |
||
| Dental Plan (GP-12000) |
565.68 |
47.14 |
||
| Vision Plan |
128.40 |
10.70 |
||
| 2/ | Vacations | 3,008.00 |
250.67 |
|
| 2/ | Holidays | 1,569.52 |
130.79 |
|
| 3/ | Other | 662.55 |
55.21 |
|
$ 35,823.64 |
$2,985.30 |
|||
| RAILROAD RETIREMENT TAX Tier 1 (6.2%) |
$ 6,045.00 |
$ 503.75 |
||
| PAID BY EMPLOYEE Tier 2 (3.9%) |
$ 2,831.40 |
$ 235.95 |
||
$ 8,876.40 |
$ 739.70 |
|||
| * | $97,500 represents the minimum annual wage
subject to a maximum railroad retirement Tier 1 tax. $72,600 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 $1,230.00 per month and $14,760.00 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. Employee contribution to Health Plan is $148.98/month effective January 1, 2007. |
| NOTE: | Current information on Vacations, Holidays and Other no longer available. Information from 1987. |