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.