Salary and Benefits

Family Medicine Academic Year 2009-2010

The institution provides residents with a very competitive salary and benefits package allowing resident to give full attention to their educational responsibilities:

*3rd year chief residents are given an additional $4,000 stipend/year and ** Fellows are given an additional $3,000 stipend/year.

ALGH: Administration has always stated that our stipend would be at or above the mean. Residents consistently receive a 3% increase in their stipend.

Residents and fellows, their spouses, and their children are entitled to health care benefits as follows:

Dental insurance is available to residents with a choice of a HMO or a traditional plan.

All residents/fellows who provide in-house call receive $1000/year for food allowance.

PGY I residents are entitled to $250 of educational allowance per year. PGY II and above residents and fellows are entitled to one week (5 days) of conference or education time and $750 educational allowance per year.

All full-time residents and fellows are eligible for basic life insurance (two times their annual salary) and accidental and dismemberment insurance.

The Hospital provides professional malpractice liability insurance coverage for hospital related activities to residents and fellows.

Advocate’s 401 (k) Plan provides the opportunity to fund for retirement with pre-tax dollars. Advocate automatically enrolls new associates at 3%, and matching contributions begin immediately. Advocate’s matching contribution is $0.50 for each dollar contributed. Associates have the flexibility to elect to contribute from 0% to 50% of eligible pay once they receive their retirement enrollment materials in the mail. The maximum Advocate contribution is 3% based on your contribution. The plan provides 12 different investment options, and participants receive quarterly personalized statements showing account balances.

Residents are entitled to 12 sick days per year. Sick time does not rollover from year to year.

Disability compensation is provided by the Hospital’s disability insurance plan. Worker’s compensation coverage is provided as stated under Illinois law.

Residents are eligible for a leave of absence for personal or medical reasons in accordance with the Family Medical Leave Act and in conjunction with Hospital policy.

Flexible Spending Accounts are voluntary accounts in which you may set aside before tax earnings in planning for future out of pocket medical, dental and dependent care expenses.

Vacation time and holidays are grouped together and referred to as Paid Time Off (PTO). PTO does not accumulate from year to year. At ALGH residents receive a total of fifteen (15) vacation days, three (3) personal days, plus six (6) legal holidays.

You may view our resident contract by going to the following web site: http://www.advocatehealth.com/residency; then follow the links →Advocate Lutheran General Hospital →Sample Contract.