B   M   W   E
JOURNAL
ONLINE VERSION VOLUME 107 - NUMBER 3 - APRIL 1998
Maintenance of Way Fringe Benefits

Maintenance of Way Fringe Benefits

as of January 1, 1998

Including Rates For National Benefit Plans and Cost of Railroad Payroll Tax

Health Insurance Benefits (GA-23000) $ 519.70

Early Retiree Major Medical Coverage (GA-46000) 24.38

Dental Insurance (GP-12000) 31.60

Supplemental Sickness Insurance Benefits (GP-7000) 22.90

Off-Track Vehicle Coverage(1) .45

Railroad Unemployment Insurance Tax:

Minimum 1.18% of first $925.00 of

monthly compensation 10.92

Railroad Retirement Supplemental Annuity Tax:

Based on .35 cents per man hour at 176 hours 61.60

Railroad Retirement Tax Rates:

Tier I: Base (Annual) $68,400 Rate 6.20%

Based on Monthly Earnings of $2,500 155.00

Tier II: Base (Annual) $50,700 Rate 16.10%

Based on Monthly Earnings of $2,500 402.50

Medicare Rate: 1.45%

Based on Monthly Earnings of $2,500 36.25

Total Cost Per Month per Active Employee(2) $ 1,254.38

1. 1 The cost of coverage differs for railroads not covered under the terms of the National Agreement.

2. 2 This figure does not reflect amounts for vacation, holidays, personal days, bereavement leave and jury duty, since their value would have to be based upon each employee's rate of pay for the appropriate time period involved.

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