STIPENDS
The Board of Directors on MCWAH establishes stipends for housestaff. The stipend levels for the academic year beginning July 1, 2008 are:
| PGI |
- $48,400 |
PGV |
- $55,000 |
| PGII |
- $49,400 |
PGVI |
- $56,500 |
| PGIII |
- $50,400 |
PGVII |
- $59,000 |
| PGIV |
- $51,400 |
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The stipend is deposited directly once a month, on the last day of the month, in the individual's account. MCWAH offers direct deposit at most banks, savings and loans, and credit unions in the greater Milwaukee area. The funds are available on payday. If the payday falls on a holiday or weekend, the funds are available the day before the holiday or weekend.
The resident's training year level is the level appropriate for the program in which he is currently enrolled and is determined by the number of years remaining before he is eligible for certification by a specialty board. When a question exists in respect to training level, the resident or fellow should obtain a letter from the specialty board stating the number of months of training that remain before he is eligible for board certification. If this letter results in a change in training level, the change and corresponding salary adjustment will be effective the day the letter is presented to the MCWAH Office.
WORKING CONDITION AND FITNESS BENEFIT
The Working Condition/Fitness benefit will be increased to $1,250 for the 2008-2009 academic year. This payment is intended to help defray expenses for license fees, DEA fees, license exam fees, textbooks and health club dues. This is a taxable benefit that is payable to housestaff on their June 30, 2009 paycheck. Housestaff who complete mid year, are paid a pro-rated amount on their last paycheck.
Due to the ongoing increases in Health Insurance premiums, the MCWAH hospitals are now requiring higher contributions from their employees. The Executive Finance Committee of MCWAH decided to raise the housestaff portion of the pre-tax monthly insurance premium from 10% to 12.5% effective July 1, 2008.
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Junior residents are entitled to attend the CME conference of their choice. Department education funds are used to pay for this experience. If a resident is presenting a paper at a meeting, travel costs, registration and lodging may be provided by the department with Program Director's approval.
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