Compensation & Benefits
Community Memorial provides our residents with a competitive salary and benefits package. From our top tier insurance plans and our employee assistance program to our robust employee wellness and support services, our benefits packages are designed to foster wellness, enhance quality of life, and give your peace of mind for years to come. To learn more, visit our Employee Benefits.
Effective July 2023, resident salaries are as follows:
- PGY1 $64,480
- PGY2 $67,704
- PGY3 $71,089
- PGY4 $74,643
- PGY5 $78,375
Educational Allowance
Residents receive a competitive stipend for each academic year to put toward continuing medical education expenses, including but not limited to conferences, educational courses, books, subscriptions, learning modules, and educational software. We provide additional financial assistance to help cover the cost of presenting and publishing scholarly work.
Health Insurance
Residents are eligible to participate in the Community Memorial Healthcare benefit plans (medical, dental, vision, life, and long-term disability). Coverage will begin on the first day of the resident’s contract.
Leave Time
Residents receive 20 days of paid leave each academic year.
License
Residents must apply for a California Training License prior to starting their residency. At the beginning of the PGY2 year, residents will be eligible for a full non-restricted physician and surgeon’s license and must also apply for a DEA license. The cost of both are covered by the program.
Malpractice Insurance
Community Memorial Healthcare provides, at no cost to residents, the required professional liability insurance while they are participating in the residency program. The professional liability insurance provided does not cover activities outside the program, such as moonlighting away from a Community Memorial facility.
Financial Counseling
Community Memorial provides free, individualized financial counseling and financial planning services for graduating residents.
Board Certification Exam
Our program covers the cost of the Board Certification Exam up to $2,000 when the resident registers for the exam during the final year of their residency.
Student Loan Forgiveness Opportunities
Our residents may be eligible for student loan forgiveness. Community Memorial Healthcare is a not-for-profit enterprise, and our academic medicine health centers are certified MediCal providers. Listed below are links to several loan forgiveness programs currently available to medical and surgical residents.
