Shannon Family Medicine Residency Program
Total Compensation Package (per fiscal year)
Financial Benefits
PGY1
PGY2
PGY3
Salary
$62,500
$64,375
$66,306
Founding class commencement bonus (only applicable for PGY1 2024*)
$10,000
-
-
Chief Resident Stipend (only for PGY3 Chief Residents)
NA
NA
$2,400
Retirement Fund Contributions (in addition to salary)
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%.
Begins after three (3) months of service.
%
%
%
CME & Program Allowance
$2,500
$2,500
$2,500
Vacation, Sick and Other Leave
PGY1
PGY2
PGY3
Vacation/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
Sick days (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), Maternity/Paternity Leave
In accordance with ACGME Institutional Requirement IV.H.1., residents/fellows
are eligible for up to six weeks of approved medical, parental, and caregiver
leave(s) of absence for qualifying reasons consistent with applicable
laws once and at any time after their start date.
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.
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
Certifications (ACLS + NRP + PALS + ALSO)
$500
$0
$500
Communication (cell phone reimbursement)
$600
$600
$600
Free meals at hospital
$6,000
$6,000
$6,000
Dues (American Academy of Family Physicians)
$40
$40
$40
Physician in Training Permit (Temporary License)
$205
$0
$0
Texas State Licensure Fees (reimbursement up to $1,500)
