Brotherhood of Maintenance of Way Employes
FRINGE BENEFITS
as of January 1, 2001
Including Rates for National Benefit Plans and Costs of Railroad Payroll Tax
Cost Per Month Per Active Employee
Health Insurance Benefits (GA-23000) $ 705.52
Early Retiree Major Medical Coverage (GA-46000) 30.35
Dental Insurance (GP-12000) 43.27
Supplemental Sickness Insurance Benefits (GP-7000) 34.49
National Vision Plan 7.51
Off-Track Vehicle Coverage .45
Railroad Unemployment Insurance Tax:
Minimum 2.47% of first $1,050 of
monthly
compensation
25.94
Railroad Retirement Supplemental Annuity Tax:
Based on 26 cents per man hour at 176
hours
45.76
Railroad Retirement Tax Rates:
Tier I: Base (Annual) $80,400 Rate 6.20%
Based on Monthly Earnings of
$2,500
155.00
Tier II: Base (Annual) $59,700 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 $1,487.04
The cost of coverage differs for railroads not covered under the terms of the National Agreement. The rates per employee per month are: Part 1, Accidental Death & Dismemberment & Loss of Time = $1.05 PEPM; Part 2, Accidental Death & Dismemberment Only = $.80 PEPM. Rates for railroads subject to the National Agreement = $.45 PEPM. For the purpose of figuring this report, the $.45 PEPM figure is used.
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 period of time involved.