Table 1.--Fiscal
Year 2010 Annuity Awards to 30-Year Employees
Retiring Before Full
Retirement Age |
|
Employee |
$3,423 |
36.1 |
|
Employee and spouse |
$4,782
|
36.1 |
|
Note.--For employees
with at least 25 years of service and a current connection, a
supplemental annuity may be payable. The supplemental
annuity amount, for awards after 1974, is $23 plus $4 for each
year of service over 25 years, up to a maximum of $43 for
employees with 30 or more years of service. Figures in
this table and Table 2 are monthly averages and include supplemental annuity amounts. |
Table 2.--Fiscal Year 2010 Annuity Awards
Based on Service Averaging Less than 30 Years |
|
Employee full retirement age or over
|
$2,228
|
22.6 |
|
Employee full retirement age or over and spouse |
$3,218
|
24.6 |
|
Employee under full retirement age with less than 30 years of
service |
$1,508 |
16.7 |
|
Employee under full retirement age with less than 30 years of
service and spouse |
$2,050
|
17.5
|
|
Employee retiring because of disability |
$2,511 |
23.9 |
| Table 3.--2011
Regular Railroad Retirement Taxes |
Tier I
Employees |
5.65% * |
$106,800 |
|
Employers |
7.65%* |
$106,800 |
|
Tier II
|
|
|
|
Employees |
3.90% |
$79,200 |
|
Employers |
12.10% |
$79,200 |
|
Annual
regular taxes
on employees earning $106,800 |
|
|
Tier I |
Tier II
|
Total |
|
Employees |
$6,034.20 |
$3,088.80 |
$9,123.00 |
|
Employers |
$8,170.20 |
$9,583.20 |
$17,753.40 |
|
* The tier I tax rate is divided into 4.20% for railroad
retirement and 1.45% for Medicare hospital insurance. The
tier I tax rate on employers is divided into 6.20% for railroad
retirement and 1.45% for Medicare hospital insurance. The
2011 maximum earnings base for railroad retirement is $106,800
and the Medicare hospital insurance tax is applied to all
earnings. Consequently, employee and employer
contributions continue to be made at the 1.45% rate, even after
the employee has earned $106,800. |
|
1937 or earlier
|
65 |
20.00%
|
|
1938 |
65 years, 2 months |
20.833%
|
|
1939 |
65 years, 4 months |
21.667% |
|
1940 |
65 years, 6 months |
22.50% |
|
1941 |
65 years, 8 months |
23.333% |
|
1942 |
65 years, 10 months |
24.167%
|
|
1943-1954 |
66 |
25.00%
|
|
1955 |
66 years, 2 months |
25.833% |
|
1956 |
66 years, 4 months
|
26.667% |
|
1957 |
66 years, 6 months
|
27.50%
|
|
1958 |
66 years, 8 months
|
28.333%
|
|
1959 |
66 years, 10 months
|
29.167% |
|
1960 or later |
67 |
30.00%
|
|
.
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