July 1, 2011 to June 30, 2012

Stipends for Residents

The currently approved stipend is applicable to the approved year of training. Stipends are reviewed annually on January 1 of each year and may be adjusted in July if economic situations dictate. The current schedule is outlined below:

• PGY 1:  $49,657
• PGY 2:  $51,026
• PGY 3:  $52,392

Pay Periods and Paydays

All residents will be paid monthly for a total of twelve paychecks per year. Direct deposit of stipend checks is available.

Professional Liability Insurance

Professional liability insurance covering medical activities clearly defined within the scope of the residency training program is provided by the school at no cost to the resident.

Life Insurance

Term life insurance equal to the annual stipend to the nearest high thousand is available the date the resident actually commences duties. The proceeds of the policy are payable to the resident's estate or beneficiary as the resident may name.

Social Security

Federal social security (old age and survivor's insurance) is deducted from every paycheck and deposited to the resident's credit with the federal government according to federal legislation. Eastern Virginia Medical School matches the contribution made by you to the federal government. Foreign nationals with "J-Status" visas are required to have a social security number; however, if true copies of the "J-Status" visa are presented prior to employment, no social security deductions and/or contributions will be made.

Disability Insurance

Long term disability insurance is equal to sixty percent (60%) of the gross salary when combined with social security and other benefits.

Vacations and Leaves

Residents are authorized three (3) weeks vacation per academic year. Vacations , must be scheduled sufficiently in advance to allow for rotation scheduling. The amount of vacation that can be taken at one time shall be determined by the specific program director.

No vacation will be authorized during the week preceding the final contract date, the last week in June or the first week in July.

Sick leave may be authorized with full pay and benefits for a period not to exceed four (4) weeks.

The granting of educational leave shall be at the discretion and with the approval of the individual program directors and generally is not deducted from vacation time.

Hospital Medical and Major Medical Insurance

Eastern Virginia Medical School provides group health insurance through Blue Cross/Blue Shield and Major Medical Protection plan for the resident and his/her immediate family.* Other health plans and dental insurance are available at an additional charge to the resident.

* Coverage becomes effective 30 days after enrollment (employment).