um
fringe benefits are very important in the company in the company i think to provide the employee with a sense of security
do you agree with that or
oh absolutely uh are you talking about benefits i can't think of one more important then than the you know the medical
yes at the rising cost of health uh care now it's uh if you have to go out and buy your company coverage you probably have to spend three four hundred dollars a month to get anything that even came close to it
insurance right
um-hum
that's right and uh
even have dental dental insurance now which is really good
yeah
so uh
we uh we've just got dental insurance after the first of the year it's been i think probably
oh about eight or nine years since we had dental coverage and it sure makes a difference and
it it really does and uh uh
well let's let's see insurance i i guess that would be one of the real biggies you know to a consideration
yeah
i think the in the insurance area one of the things that we also got that we didn't have before what we haven't had in about eight years is the card for prescriptions where you go in and just pay a minimal amount for prescriptions
and uh we have some that are fairly expensive sixty seventy dollars well now we pay eight dollars for them
but with um paying twenty percent
uh no that's just all prescriptions uh
i know well see if you had a seventy dollar
yeah okay that would save you
yeah and it's a i think it's five dollars on generic drugs and eight dollars on a name brand drug so no matter what they are in fact you have to pay the certain basic cost
um-hum
for them you don't have to meet any deductible or anything
um-hum
but uh
how about paid time off
uh yeah that's uh just vacation and some sick leave not very much though
do uh do you have a certain number of sick leave to you know days that are available to you or or is it
well
pretty much just depends on your supervisor
uh really depending uh on what you need kind of it's a case that there if you need more than a couple weeks or eight days or whatever it may be then they they will consider it
um-hum
so that's been with the companies i've been with generally at a a executive position they're a little more liberal even though they're not supposed to be supposed to treat everyone the same still leave hard you know rule more liberal with time off due to the all the extra hours executives put in
yeah
but uh the uh
i think pension costs are making it more and more difficult for them to provide per pension benefits too
it's uh
oh that's right
yes because it just keeps going an up up and up there too
but uh there's
yeah well do as you get closer to that time you start you know you start becoming
yeah the older you get the more you start thinking about the possibilty pension
all of a sudden you know i can remember when that who cares so now i think oh wait let's let's maybe we better start getting serious about that
right right
yeah
yeah uh my son has worked for a company for about six year he graduated from college what in eighty six so five years this fall
and he started out with they had a Four O One K plan and he asked me if he should get into it and i said well very small amount uh you can put in there and you keep adding to it and they're going to match it or so and
um-hum
all of a sudden at the end of last year he had a sizeable amount saved up in his Four O One K plan just with the matching funds that the company is putting in and any earnings on investments
so
but he can't touch that though right
no no he can't but he's only uh twenty seven years old and he's already got a good start
um-hum
even if he changes companies he can you know roll that over into another plan
um-hum um-hum
yeah we had i had that too there's a certain percentage of your salary and the company matches it fifty percent not half not not half-and-half i meant
yeah
they don't match it exactly but fifty fifty percent which is good
yeah
um i wish i had a company that did that
but there's oh there's various intangibles also like uh you know
taking pride in the company you work for being able to say i work for such and such company or i hold such and such position with this company and that's one of the intangible fringe benefits i guess a certain ego level there
your company has a lot of prestige
well it not the one i'm working for now but one i did in the past did so
but
um-hum um-hum
i i just felt you know
at a i need to find a company like that again
well another thing our company does is as far as uh like uh taking classes either within the company or them offering classes to us or
yeah
or or external you know they pay close pay yes
pay tuition and books or a portion thereof
and uh check they we i think we we have a mandatory we spend at least ten days a year not or not well yeah
about something like that uh in taking classes and they're offered within TI but you we have training plans everybody does
yeah
so i mean they really
you know i i think uh our company really has a lot of good really good benefits
oh what you can find there is so many of these things like uh working for a company some of the things they really enhance your experience in case you do have to change companies
oh really
yeah i mean it's a just makes you that much more salable shall we say
um-hum
if you do have to go and search for another position
um-hum that's true everything you everything you learn you
its yours and you you it goes with you wherever you go so the more you learn the better off you are
it's right that's right
yeah
yeah
the company i used to be with also took care of things like professional dues and subscriptions to like the Wall Street and other professional man's magazines in the financial areas so it uh
there are there are more than just insurance and pension there's lots of other things that come up
um-hum
back in the heyday of the economy before this recession then of course there were other things available to other people i never even took advantage of them of uh like
memberships in clubs people that uh had to entertain and such
um-hum
so there's all sorts of fringe benefits
that's true so salary salary is
yeah
salary is what we do work for and what we have to have that's our initial motivation
eh that's right it
it keeps your mortgage holder happy
huh
it keeps your mortgage holder happy
that's right that's right
yeah having to salary again being uh
uh being able to acquire the the nicer things that you want not just have to live at a a certain level being able to do things or purchase things
um-hum
that you want that aren't really necessary
um-hum
so um that's about all i have
well i guess that i guess we've pretty well exhausted that
okay fine it's been nice talking with you
well nice talking nice talking to you
good-bye
bye
