Fringe Benefits
1996 

The following breakdown represents the estimated value of so-called fringe benefits accruing to operating employees with annual wages of $62,700/$46,500* or more during the calendar year of 1996. The money values set forth are computed on costs actually known as of January 1996.

  PAID BY THE CARRIER

PER YEAR

# DURING MONTH
  Railroad Retirement Tier 1 (6.20%)

$3,887.40

$ 323.95

  Railroad Retirement Tier 2 (16.10%)

7,486.50

623.88

  Supplemental Pension

709.92

59.16

1/ Unemployment (RUIA)

576.09

48.01

4/ Health Plan (GA-23000)

5,407.44

450.62

  Health Plan - Retiree (GA-46000)

190.68

15.89

  Dental Plan

387.12

32.26

2/ Vacations

3,008.00

250.67

2/ Holidays

1,569.52

130.79

3/ Other

662.55

55.21

   

$ 23,885.22

$1,990.44

RAILROAD RETIREMENT TAX
Tier 1 (6.2%)

$ 3,887.40

$ 323.95

PAID BY EMPLOYEE
Tier 2 (4.9%)

$ 2,278.50

$ 189.88

 

$ 6,165.90

$ 513.83

   
* $62,700 represents the minimum annual wage subject to a maximum railroad retirement Tier 1 tax.
$46,500 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 $865.00 per month and $10,380.00 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.
   
NOTE: Current information on Vacations, Holidays and Other no longer available. Information from 1987.