The residency program receives funds from each of the 3 participating hospitals. The 2017-2018 annual salary (not including the $3500 annual meal stipend) based on PGY level is as follows:
- PGY 1 = $61,670
- PGY 2 = $64,220
- PGY 3 = $69,322
Residents receive benefits from their individual sponsoring institution as well as from CIR (discussed below). Benefits include: $3500 per year meal stipend added to your paycheck (mentioned above), $650 annual educational fund, health/dental/vision insurance, additional $200 holiday pay, 403B retirement fund, $1500 conference reimbursement for senior residents, free access to Rosetta Stone, and subsidized parking at Metropolitan Hospital ($90 per month). In addition, any resident who presents at a conference will be reimbursed accordingly, and many everyday expenses (e.g., residency-wide trips) are reimbursed by the hospital.
The Committee of Interns and Residents (CIR) is a labor union that represents residents in various institutions across the country. This union was influential in aiding the passage of the 405 regulations nationally. Through CIR residents receive many benefits including: a stipend for educational resources (i.e. books, test fees, palm-pilots), dental insurance, vision insurance, death and disability insurance, among others. For more details see the benefits page https://cirseiu.org/benefits/.