Compensation & Benefits

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Stipend 2015 - 2016

  • PGY 4 $56,892
  • PGY 5 $59,081
  • PGY 6 $61,155
  • PGY 7 $63,111

Benefits

  • Four weeks paid vacation per year
  • Discounted access to state-of-the-art U of M recreational facilities, including Olympic-sized swimming pool, basketball court, and weight facilities
  • Free internet access
  • Pre-tax health care reimbursement
  • Pre-tax dependent care reimbursement

Insurance

  • Health insurance for fellows (family insurance available at additional cost)
  • $25,000 life insurance policy
  • Disability insurance
  • Dental Insurance for fellows
  • Malpractice insurance at each hospital

Parental Leave Policy

Fellows are provided with 6 weeks of paid maternity leave and 2 weeks of paid paternity leave.  Fellows should notify their Program Director and Administrator as far in advance as possible of the request for personal or maternity/paternity leave.

When requesting a Leave of Absence, please consider the following:

  • The ABIM allows one year of training to be interrupted by only four weeks, including vacation, sick leave, educational leave and Maternity/Paternity Leave.
  • Any time off exceeding four weeks will extend your training.
  • You will need to complete 36 months of training by 8/31 of the year you intend to sit for the ABIM certification exam.

If you take maternity leave (6 weeks paid) or paternity leave (2 weeks paid), consider the following:

  • This leave time in addition to any vacation time could extend your training.
  • Maternity Leave (6 weeks paid):
    4 weeks – If no vacation time was used in the year, you do not need to be make up these 4 weeks of maternity leave.  And it is paid time.
    2 weeks – This time will need to be made up, but it is paid time

**Anything past this will not be paid and all time over four weeks will need to be made up.

Salary Source During Maternity Leave

  • The first 14 days of maternity leave, 100% of salary is paid by the U of MN
  • Weeks 3-6, 30% is paid from the U of MN, 70%  is from the short-term disability carrier