so how do you like the benefits of TI
um well actually to tell you the truth uh not very well i resigned from Texas Instruments not shortly
oh that's right yeah
ago and found that my uh after having worked there for
twenty one years
my vested interest in my
pension fund was amounted to less than three quarters of a year of salary
yeah that's that's one problem with uh engineering jobs is
it's you you really need some sort of more flexible or portable pension you know something more like a
either 401K well i guess you get part of into 401K one oh 401K
but what what is the uh key health plan that people who are privately employed use
um i don't know uh the the uh i guess i guess the that that issue was a TI retirement uh benefit is it is what they call a defined a defined benefits program which means if you retire you get benefits
right
um
if you don't retire you get shit
um-hum
uh but i think the government sort of passed some kind of legislation some long time ago that said well you can't do that you can't just kiss them off if they don't retire
and so there's some nominal uh
amount amount that has to be vested with the employee
but uh in this modern day and age where there is job mobility i mean
uh it's time for employers to stop screwing the employees out of their retirement benefits by
invoking this uh defined benefits plan
yeah
what also seems like a lot of company set the benefits based on
your last salary when you left the company
so you know let's say you've worked there for twenty years
right
you stopped working there you go work for somebody else for fifteen years and because of inflation alone
um you know your twenty years is worthless just because it's it's not an index to fund it's based on the actual dollar amount of when you worked there
right
which is all the more reason i think that the employee should have control over his pension account
yeah
um of course the initial question that was asked related to uh actually i can't remember anymore but to
it benefits benefits in general
it related to what do you look for in a position other than salary and i guess my mind before it referred to benefits my mind was not thinking a long the with the ideas lines of benefits at all but rather
um
career gratification gratification and you know that kind of thing
um-hum
well that's one thing you do get with a large company they're
you know it's well it's actually can go both ways something some ways you have
more opportunities because there're so many things going on within the company
but you also may get key holed and you are a ex type person therefore you should only work on this type project
um-hum
and that i guess to some extent depends on the philosophy of the company and whether they pigeon hole people or allow people to go in to to any area they want to
um-hum
um-hum
boy i there there were some something happened to your signal your signal at that point did you notice it
yeah there there was some clicking on the line i'm not sure what
yeah
whether that's local or somewhere in the long distance network between
New Jersey and wherever you are
in California
California okay
or whether it's part of the uh switchboard system
this is also possible
yeah
somewhere between Texas
well party of my part of my reason for coming to California was California
um-hum
uh it is it i love it it's a wonderful place but the the price of housing is
is just totally
looney
well it depends on where you go if you go up uh far enough north it doesn't
it gets cheaper again but then again there's you you
well that's true up in Redding uh the housing prices are probably comparable to Dallas where i came from but down here the housing prices are
um-hum
about a factor of five higher which is really ridiculous
yeah i know New Jersey is
just slightly above the national average which was yeah it's about twice the price of Atlanta
at any rate
but uh the housing the housing prices have definitely dropped
so i guess one of the things you look for in a job uh is um
affordable cost of living
yeah cost cost of living cost of housing is the salary enough to allow me to do the activities i want to do
of course the most wonderful thing for the company and the most wonderful thing for the employee too is if what you want to do is to work
yes
not so great for the family but uh
