Compensation and Benefits

RESIDENTS

2024-2025 Compensation and Benefits

Salary

PGY-1 — $63,650
PGY-2 — $65,882
PGY-3 — $68,126

Paid Time Off

PGY-1 — 20 days
PGY-2 — 20 days
PGY-3 — 20 days

Educational Sign-on Bonus

$2,500 taxable; distributed annually

Insurance – available for all residents and dependents per hospital policy

·         Health
·         Dental
·         Vision
·         Prescription Drug
·         Flexible Benefit Spending
·         Short Term Disability
·         Long Term Disability
·         Life Insurance
·         Optional Supplemental Insurance
·         Professional Liability

Moving Expense Allowance

$1,000 relocation allowance, subject to current tax laws and hospital policy.

Meals

$2,000 annual meal allowance, added to annual salary and paid across 26 pay cycles.

Parking

Free Parking on all Mercy campuses

Recreational Facilities

Free Membership to Mercy St. Vincent Medical Center fitness center

Additional Benefits

·         AFP membership
·         Lab coats (2 for 1st academic year, 1 per year thereafter, ordered through program)
·         ACLS, PALS, ALSO and NRP certification
·         Occupational health services
·         Maternity/Paternity Leave
·         Work/life services and support through LifeMatters®
·         Associate Discount Program
·         Access to medical library and computerized literature
·         Direct payroll deposit

All benefits are effective the first day of employment.