The employee RRTA Tier 1 tax rate for 2015 is .0765 (7.65%) on the first $118,500 of annual compensation. The employee RRTA Tier 2 tax rate for 2015 is .049 (4.9%) on the first $88,200 of annual compensation. The employer rate is 13.1%. A 1.5% surcharge is being added to the basic contribution rates for 2015, but will not increase the maximum 12% rate. As a result, the unemployment insurance contribution rates (including the 1.5% surcharge) on railroad employers in 2015 will range from the minimum rate of 2.15% to the maximum of 12% on monthly compensation up to $1,455. (RRB News release PR 14-8, December 2014.)
For more information on this and other topics, consult the Visit our News Library.