With competitive salaries, medical and retirement plans, generous paid leave, a long list of other benefits and low cost of living, our residents enjoy a professional lifestyle that would make their peers envious.
For the 2020-2021 academic year, the resident’s salaries are as follows:
Residents of the Rural Residency will be eligible for a housing stipend should they secure housing within a thirty (30) mile radius of McLeod Cheraw or McLeod Clarendon, as applicable.
The Rural Housing Incentive Stipend for each program year shall equal:
$10,000.00 during PGYI
$5,000.00 during PGYII
$5,000.00 during PGYIII
The stipend will be paid in twenty-six (26) bi-weekly payment installments during each program year so long as the resident maintains a residence within the designated radius during the applicable pay period.
Residents of the Rural Residency will receive an annual stipend to cover transportation costs with respect to their travel to and from Florence, South Carolina, and/or in around Cheraw, South Carolina or Manning, South Carolina, as applicable.
The Rural Travel Stipend for each program year shall equal:
$5,200.00 during PGYI
$1,300.00 during PGYII
$1,300.00 during PGYIII
The stipend will be paid in twenty-six (26) bi-weekly payment installments during each program year.
Residents have twenty-eight (28) paid days of leave each year away from the program. This leave includes seven (7) holidays and twenty-one (21) personal days to include vacation and sick time.
Vacation days not taken during the academic year will be paid to the resident upon completion of each program year.
McLeod will pay for continuance of current health insurance for the month of June until health insurance coverage becomes effective.
Employees have the option of selecting from two affordable health plans. The Network Plan offers low co-pays and coverage for preventive care through the services of physicians in the McLeod network. The Standard Plan offers a more traditional 80/20 coverage.
Short Term and Long Term disability is an income protection plan with McLeod covering the full cost of 50 percent of annual base salary.
The 401(k) retirement savings plan features flexibility and control of investment decisions, tax-deferred savings, company match, portability of retirement funds, compounding of investment returns, loans, and hardship withdrawals.
Other benefits available include: