Compensation
Learn more about the benefits and compensation package offered to our Family Medicine residents.
Benefit Time
Retirement & Welfare Benefits
Miscellaneous Benefits
Compensation
Click here to view the ABFM exam eligibility requirements.
Click here to review our Drug and Alcohol Abuse policy.
Click here to view our GME policies and procedures.
Click here to view Resident Employment Agreement.
Benefit Time
Benefit | Eligibility | Description |
Paid Time Off - PTO | Eligible upon date of hire |
Three weeks of vacation, taken in (3) five day blocks.
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Emergency/Sick/ Bereavement Leave |
Eligible upon date of hire. Five days. |
5 days |
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Bereavement leave includes immediate Family: parent (including step parent, foster parent), mother-in-law and father-in-law; spouse or domestic partner (regardless of gender) please refer to the union contract for more details; children (including step children); son-in-law; daughter-in-law; grandparent; grandparent-in-law; grandchildren; step grandchildren; brother; sister; brother-in-law; sister-in-law; aunt; uncle; aunt-in-law; uncle; uncle-in-law; niece; nephew; first cousin; and any blood relative who was a member of the employee’s family household. |
Retirement & Welfare Benefits
Benefit | Eligibility | Description |
Supplemental Tax Deferred Annuity Plan – 403(b) Program Voluntary Program Matching Program |
Immediately. Requires completion of enrollment and salary reduction form. To receive the employer match, the employee must meet the following criteria:
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With the Supplemental Tax Deferred Annuity Plan:
The employee can invest employee/employer contributions in a fund of the employee’s choice.
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Defined Contribution Pension Plan | Eligible upon meeting the following criteria: -1 year of service -1,000 hours of service during the first 12 months of service or any subsequently anniversary year. |
Effective 1/1/08, the hospital offers a defined contribution pension program with
Note: All contributions are subject to the limits and caps on income imposed by the IRS. |
Life Insurance / AD&D Insurance | Eligible first of the month following date of hire. | The hospital provides group term insurance:
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Supplemental Life Insurance | The employee may enroll during any annual open enrollment, with coverage effective the date the application is signed, if all underwriting requirements are met. |
The Supplemental Life Insurance Plan is a Whole Life Plan. The employee may purchase additional insurance on him/herself, spouse, children and/or grandchildren. The premiums are paid through payroll deduction on an after tax basis. |
Health Insurance | Eligible for enrollment:
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The employee must complete the H.S.A. enrollment paperwork. The Employer will fund the employee’s health savings account in the amount equal to fifty percent (50%) of the annual health insurance deductible applicable to the employee’s coverage election, paid in twelve equal monthly payments. The employee newly hired to the hospital, the first years’ designation is prorated from the first of the month following date of hire until December 31. For more information regarding the health savings account refer to IRS publication 969 and Form 8889. |
Health Savings Account | Eligible the first of the month in which the employee is enrolled in the high deductible health insurance plan and does not have other first dollar coverage. |
The employee must complete the H.S.A. enrollment paperwork. The Employer will fund the employee’s health savings account in the amount equal to fifty percent (50%) of the annual health insurance deductible applicable to the employee’s coverage election, paid in twelve equal monthly payments. The employee newly hired to the hospital, the first years’ designation is prorated from the first of the month following date of hire until December 31. For more information regarding the health savings account refer to IRS publication 969 and Form 8889. |
Flexible Benefit Plan |
Eligible first of the month following date of hire.
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The Flexible Benefit Plan is a benefit program to help the employee defray the cost of health insurance premiums, qualified medical expenses (in accordance with IRS Code, Section 125 for the employee and his/her dependents), and qualifying dependent (child or elder) care expenses. The benefit amount can be used for:
On an annual basis, the employee can voluntarily withhold for:
The annual benefit amount for the regular full-time employee is:
For the regular part-time employee the benefit amount is prorated based on the regular part-time category. |
Flexible Benefit Plan | First of the month following date of hire. | For the regular full-time employee newly hired to the hospital, the first years’ designation is prorated from the first of the month following date of hire until December 31. |
Dental Insurance | Eligible for enrollment:
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Empire Blue Cross Dental is available on a voluntary basis. Premiums are paid pre-tax through payroll deduction. |
Vision Insurance | Eligible for enrollment:
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Empire Blue Cross Dental is available on a voluntary basis. Premiums are paid pre-tax through payroll deduction. |
Supplemental Insurance:
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Eligible first of the month following date of hire. Open enrollment is during the fall for an effective date of January 1. AFLAC Representatives are on site for open enrollment. |
AFLAC insurance coverage is available on a voluntary basis. Premiums for cancer coverage may be paid pre-tax through payroll deduction. Premiums for short-term disability are paid through payroll deduction on an after tax basis. Short-term disability has additional requirements related to hours worked. See AFLAC representatives for details. |
New York State Disability | Eligible after having worked 4 consecutive weeks for a covered NYS employer. | New York State Disability is a short-term disability insurance program that provides a partial salary continuation for a maximum of 6 months for the employee who is unable to work because of an off-the-job injury or illness. Current benefits are capped at $170 per week or 50% of weekly base compensation, whichever is less. |
New York State Workers’ Compensation | Eligible upon date of hire. | New York State Workers’ Compensation is a program that provides a partial salary continuation for the employee who is unable to work because of an on-the-job injury. Weekly compensation is established by the Workers’ Compensation Board. |
Malpractice Insurance | Eligible upon date of hire. | Professional liability insurance is provided by the hospital, if applicable. The offered insurance is a claims made policy that includes tail coverage with limits up to $2,000,000 per occurrence with a $4,000,000 per year aggregate maximum. Coverage is provided by Vermont Managed Care Insurance Co. (VMCIC), the captive insurance company owned and operated by the University of Vermont Health Network. |
Miscellaneous Benefits
Benefit | Eligibility | Description |
Professional Fees / CME Expenses | Eligible upon date of hire. |
The Resident is eligible for up to $1400.00 per year for CME. Any expense or time away from the program must be approved by the Program Director or his designee. Up to forty (40) hours of paid CME time is provided afer the first year of Residency. If an intern chooses to attend a CME conference in their first year of residency, they will need prior approval from the Program Director or his designee. The intern will also be required to use their PTO time for this absence. The Resident will receive his/her normal hourly compensation during the hours of CME. The Resident will be eligible to be reimbursed for our ot pocket expense related to : required certifications and courses (such as ACLS, BLS, ALSO, PALS and NRP) provided by the program. |
Additional Benefits | Eligible upon date of hire. | A discount is provided to the employee for purchases through the pharmacy and sterilization processing department -(SPD) The employee may elect payroll direct deposit into a qualified checking or savings account in the United States. The employee may utilize the Credit Union that is on-site. Discounts are given on meals purchased at the hospital Cafeteria. The employee may utilize the Worksite Wellness Center located at our PARC facility through payroll deduction. Meal card allowance for in-hospital extended and overnight call. Free parking. Generous education allowance. Employee may utilize their badge to purchase items through payroll deduction. Purchases can be made at the Cafeteria and Pharmacy. |
Compensation effective October 2023
G1 $62,778.45
G2 $65,264.25
G3 $68,871.07
Benefit | Eligibility | Description |
Performance Evaluation / Review | 6 months | The employee is evaluated by his/her Program Director/Faculty and receives increases in conjunction with their advancement to PGY2 and PGY3 accordingly. |
Pay Period & Pay Day | Eligible upon date of hire. |
Pay Period: Two-week period which begins Sunday at 0001 and ends the second Saturday at 2400. Pay Day: Paycheck or statement is available at 1100 every other Thursday. Paychecks will be mailed to the employee’s home address. Direct deposit statements are available on Employee Self-Service. |