Below you will find a summary of the salary and benefits offered to our residents. This summary is not intended to be contractual and is subject to change.
2019-2020 Annual Salary
| PGY-1 | $56,000 |
| PGY-2 | $57,000 |
| PGY-3 | $58,000 |
| PGY-4 | $59,000 |
| PGY-5 | $61,000 |
Insurance and Retirement Programs
| Medical* (costs shared) |
Effective upon formal start date of residency training |
|
Aflac Voluntary Coverage* - Hospital, Critical Illness, and Accident Insurance |
Effective the first of the month following one month of service |
| Dental* | Effective the first of the month following one month of service |
| Vision* (voluntary) | Effective the first of the month following one month of service |
| Flexible Spending Accounts |
Effective upon formal start date of residency training |
|
Life/Accidental Death and Dismemberment |
Effective the first of the month following one month of service |
| Supplemental Life (voluntary) | Effective the first of the month following one month of service |
| Dependent Life* (voluntary) | Effective the first of the month following one month of service |
| Sick Leave/Short and Long Term Disability |
Effective first day of orientation |
|
Worker's Compensation |
Effective upon employment |
| Retirement Plan (funded by WMed) |
Effective upon employment |
|
403(b) Savings Program (voluntary) |
Effective upon employment |
Time Away from Work
| Vacation (21 days annually) | Effective Upon Employment |
|
Up to 3 paid days off to take the USMLE Step 3 or the COMLEX Level 3 exams on one occasion during residency |
Effective Upon Employment |
|
Professional Development Allowance |
Effective Upon Employment |
|
Up to 3 paid days off and reimbursement for allowable travel and meeting expenses for research presentation at professional meeting |
Effective Upon Employment |
|
Family/Medical/Parental (FMLA) |
Following 12 months of employment and at least 1,250 hours of work over the previous 12 months |
|
Bereavement, Jury Duty, Military |
Effective Upon Employment |
|
Personal Leave |
Effective Upon Employment |
Training
|
BLS/ACLS and required recertifications (all Residents) |
Effective Upon Employment |
| PALS, ATLS, FCCS, ALSO, FLS & Neonatal Resuscitation (specified programs) | Effective Upon Employment |
All of the following are effective upon employment:
- Resident counseling/Employee Assistance Program
- Annual fitness club reimbursement (taxable benefit)
- Call rooms provided for residents taking night call
- Free parking at our Oakland Drive Campus and affiliated hospitals
- New white coats annually, upon request
- Full digital library access including UpToDate®
- Western Michigan University Homer Stryker M.D. School of Medicine faculty appointment, rank of Instructor
- Educational Limited/Controlled Substance License fees reimbursed by WMed
- Professional Liability Insurance paid by WMed
- Moving loan available
- USMLE Step 3 and COMLEX Level 3 Loans
Consumer Information and Campus Safety
As an educational institution, WMed is required to provide consumer information to prospective employees. Our Annual Campus Safety and Security Report includes statistics on reported crimes as well as policies and procedures that are designed to promote a safe, secure learning and working environment.