Compensation

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Compensation

Salary & Benefits	1st Year	2nd Year	3rd Year	Method of Payment
Salary	$45,000	$47,000	$49,000	Paid bi-weekly
Housing*/Relocation	$11,000	N/A	N/A	Paid with first pay check
Meals*	free meals on call	free meals on call	free meals on call
Chief Pay			$2,400 per month (x2) as Chief Resident	Monthly stipend paid by the end of each month the resident is Chief Resident.
Total Compensation	$56,000	$47,000	$53,800	Includes Salary, Housing, Meals and Relocation
Professional Development Fund**	5 days $1000	5 days $1,200	5 days $1,400	With Prior approval paid in response to travel voucher being completed
OTHER BENEFITS	As offered by Deaconess Hospital
* The Housing/Relocation allowance is paid to residents as an $11,000 forgiveness loan. 1/36th of the loan is forgiven for each month the resident satisfies a month of the residency curriculum.
** Forty-five dollars will be automatically deducted from each resident's professional development fund to cover the cost of the annual AAFP membership fee. Unused Professional Development Fund dollars may be carried over each year (days may not be carried over.) Eligibility for Professional Development Funds are determined by attendance @ 70% of scheduled conferences.