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| STANDARDS - OPENNESS - ACCESSIBILITY             - ACCOUNTABILITYRailroad Retirement             Board Reminders for 2004 (1-04)
 
2004                       Tier I Earnings Base and Tax Rate$87, 900-Annual Maximum6.20%-Employee and Employer Tax Rate$5,449.80-Maximum Employee and Employer Tax2004                       Tier II Earnings Base and Tax Rates$65,100-Annual Maximum4.90%-Employee Tax Rate$3,189.90-Maximum Employee Tax13.10%-Employer Tax Rate$8,528.10-Maximum Employer Tax2004                       Medicare Hospital Insurance Earnings Base and Tax RateAnnual Maximum-No Limit1.45%-Employee and Employer Tax Rate
Total Tier I, Tier II, & Medicare Hospital                         Insurance Maximum Tax                        Based on Earnings of $87,900
Employees-$ 9,914.25Employers-$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 Rate2.15% - 12% on First $1130 Per MonthEmployee                       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$66.60Cost-Of-Living                       Increase, December 2003Tier 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.

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| Last Revised 12-31-03                          -- This is an official United States Government website                                                                                                      |  |