Stipends and Fringe Benefits
July 1, 2008 to June 30, 2009
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 tentative current schedule is
outlined below:
- PGY 1: $46,811
- PGY 2: $48,101
- PGY 3: $49,389
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).
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