Skip past top Navigation Bar Go to RRB Home Page What's New at the RRB About the RRB Links to other sites that may interest you How to contact the RRB Search www.rrb.gov Special On-Line Services
Railroad Retirement Board Logo
STANDARDS - OPENNESS - ACCESSIBILITY - ACCOUNTABILITY
Railroad Retirement Board Reminders for 2004 (1-04)

 

2004 Tier I Earnings Base and Tax Rate
$87, 900
-
 Annual Maximum
6.20%
-
 Employee and Employer Tax Rate
$5,449.80
-
 Maximum Employee and Employer Tax
2004 Tier II Earnings Base and Tax Rates
$65,100
-
 Annual Maximum
4.90%
-
 Employee Tax Rate
$3,189.90
-
 Maximum Employee Tax
13.10%
-
 Employer Tax Rate
$8,528.10
-
 Maximum Employer Tax
2004 Medicare Hospital Insurance Earnings Base and Tax Rate
Annual Maximum
-
 No Limit
1.45%
-
 Employee and Employer Tax Rate

Total Tier I, Tier II, & Medicare Hospital Insurance Maximum Tax
Based on Earnings of $87,900
Employees
-
 $ 9,914.25
Employers
-
 $15,252.45
(Additional Taxes are 1.45% of Earnings in Excess of $87,900)
Amount Needed for Quarter of Social Security Coverage
$900.00 in 2004 (Up to 4)
2004 Employer RUIA Tax Rate
2.15% - 12% on First $1130 Per Month
Employee RUIA 2003 Qualifying Earnings
$2,800.00
-
 For Benefit Year 2004 (Beginning July 1, 2004)
RUIA Daily Benefit Rate
$56
-
 For Benefit Year 2004 (Beginning July 1, 2004)
Work Deduction Exempt Amounts
  • Full retirement age (FRA)
    (for months prior to FRA in the calendar year):
    • Annual - $31,080;
    • Monthly - $2,590

    ($1 Deduction for Each $3 of Excess Earnings)

  • Under FRA:
    • Annual - $11,640;
    • Monthly - $970

    ($1 Deduction for Each $2 of Excess Earnings)
Basic Medicare Premium
$66.60
Cost-Of-Living Increase, December 2003
Tier 1
-
 2.1%
Tier 2
-
 0.7%

To view and download Reminders for 2004 in PDF you need Acrobat Reader version 5.0 or higher. Download a free copy of the latest version of Acrobat Reader now.

 
Skip past bottom navigationHome | What's New | About Us | Links | Contact Us | Search | MainLine Services | Privacy Policy | Site Map | Mission

-- This is an official United States Government website 		RRB Seal