Fringe Benefits
1994 

The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $60,600/$45,000* or more during the calendar year of 1994. The money values set forth are computed on costs actually known as of January 1994.

  PAID BY THE CARRIER

PER YEAR

# DURING MONTH
  Railroad Retirement Tier 1 (6.20%)

$3,757.20

$ 313.10

  Railroad Retirement Tier 2 (16.10%)

7,245.00

603.75

  Supplemental Pension

626.40

52.20

1/ Unemployment (RUIA)

559.44

46.62

4/ Health Plan (GA-23000)

4,690.32

390.86

4/ Health Plan - Retiree (GA-46000)

245.28

20.44

  Dental Plan

289.68

24.14

2/ Vacations

3,008.00

250.67

2/ Holidays

1,569.52

130.79

3/ Other

662.55

55.21

   

$ 22,653.39

$1,887.78

RAILROAD RETIREMENT TAX
Tier 1 

$ 3,757.20

$ 313.10

PAID BY EMPLOYEE
Tier 2 

$ 2,205.00

$ 183.75

   
* $60,600 represents the minimum annual wage subject to a maximum railroad retirement Tier 1 tax.
$45,000 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.
# 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 $840.00 per month and $10,080.00 per year. The maximum rate is 12%.
2/ Taxable to employee as income.
3/ Includes jury duty pay, bereavement pay, $150,000 AD&D and liability insurance along with other miscellaneous items attributable to fringe benefits.
4/  Health plan rates apply to the so-called "new" level benefits resulting from implementation of PEB-219 provisions.  The "old" level benefit rate for GA-23000 is $462.01 and for GA-46000 is $22.02.
NOTE: Current information on Vacations, Holidays and Other no longer available. Information from 1987.