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Residency Program Benefits

Shannon Family Medicine Residency Program

Shannon Residents Benefits 2025

Total Compensation Package (per fiscal year)

Financial Benefits

PGY1

PGY2

PGY3

Salary

$62,500

$64,375

$66,306

New program commencement bonus (only applicable for PGY1 2025*)

$5,000

-

-

Chief Resident Stipend (only for PGY3 Chief Residents)

NA

NA

$2,400

Retirement Fund Contributions (in addition to salary)

Retirement plan eligibility after three (3) months of service. After15 months of service, Shannon will match your contribution for each dollar you contribute to the plan, up to the first 3% and 50 cents on the dollar for the next 2%.

%

%

%

CME & Program Allowance

$2,500

$2,500

$2,500

Vacation, Sick and Other Leave

PGY1

PGY2

PGY3

Paid Time Off (PTO) (PGY1 accrue 5.846 hours per pay period; PGY2 and PGY3 accrue 6.462 hours per pay period)

(Clinics are closed on holidays. Other observed holidays are specific to program and rotation.)

19 days

23 days

23 days

Extended Illness Bank (PGY 1 accrue 1.536 hours per pay period; PGY2 and PGY 3 accrue 1.848 hours per pay period.)

5 days

6 days

6 days

CME

5 days

5 days

5 days

Leaves of Absence: Paid Bereavement Leave (up to 3 days), Medical/Parenta/Caregiver Leave

In accordance with ACGME Institutional Requirement IV.H.1., residents/fellows are provided with a minimum of six weeks of approved medical, parental, and caregiver leave(s) of absence for qualifying reasons consistent with applicable laws at least once and at any time during an ACGME-accredited program, starting the day the resident/fellow is required to report. Residents will be provided with at least the equivalent of 100 percent of their salary for the first six weeks of the first approved medical, parental, or caregiver leave(s) of absence taken.

Further, residents/fellows are eligible for an additional one week of paid time off reserved for use outside of the first six weeks of the approved medical, parental, or caregiver leave(s) of absence taken.

varies

varies

varies

Value of additional benefits

PGY1

PGY2

PGY3

WebTPA Health Plan – see Monthly Premiums Sheet for Dependent coverage

$9,384

$9,384

$9,384

Flexible Spending Account (Optional) – Healthcare Spending Account and Dependent Care Spending Account

*You may contribute up to $3,050 annually for qualified medical expenses.

*You may contribute up to $5,000 each year to a Dependent Care Spending Account.

*

*

*

Dental Insurance (see Monthly Premiums Sheet for Dependent coverage)

$364

$364

$364

Vision (Optional – see Monthly Premiums Sheet)

Life Insurance & Accidental Death and Dismemberment (AD&D) Insurance - 1.5x your base stipend (additional Life and AD&D Insurance available)

Included

Included

Included

Professional Liability Insurance – $500,000 per occurrence, $1,000,000 annual aggregate

$11,000

$11,000

$11,000

AAFP Board Review Subscription

NA

NA

$635

ABFM In-Training Exam

$50

$50

$50

Exam Prep

$500

$500

$500

Shannon Health Club individual membership

$713

$713

$713

Communication (cell phone reimbursement)

$600

$600

$600

Free meals at hospital

$10,000

$10,000

$10,000

Dues (American Academy of Family Physicians)

$40

$40

$40

Physician in Training Permit (Temporary License)

$210

N/A

N/A

Texas State Licensure Fees (reimbursement up to $1,500)

-

$1,500

-

Shannon FM Residency Monogrammed Scrubs (PGY1 - 3 sets initially), (PGY2 & PGY3 - 1 scrub top)

$240

$40

$40

Lab coats (PGY1 only - 2 lab coats)

$90

NA

NA

PGY1

PGY2

PGY3

Cumulative value of benefits

$101,186

$101,066

$105,032

Cumulative value of benefits – New program with commencement bonus*

$106,186

-

-

Other Benefits

  • Short Term Disability
  • Long Term Disability
  • Accident Coverage
  • Critical Illness Coverage
  • Shannon On Demand (telehealth visits)
  • Employee Assistance Program
  • Onsite Childcare
  • Full privileges at TAMU Health Science Center Medical Library and UNTHSC
  • FMLA
  • Pharmacy
  • Air Ambulance
  • Wellness Program (Shannon WellSteps)
  • Health Club Membership Discounts
  • Medical Supply Discounts
  • AT&T, Verizon, T-Mobile Discount on monthly bill
  • Direct Deposit
  • Identity Theft Protection
  • Resident's Lounge
  • In-house Moonlighting Opportunities Available
  • Free Parking at hospital and clinics