- Joined
- Mar 26, 2016
- Messages
- 5
- Reaction score
- 0
Anyone has idea of how much Kaiser pays in California. My attendings say they pay a lot but I would like to know the number.
Thanks in advance.
Thanks in advance.
In the past 3-4 years I've known several newly graduated fellows who have gotten offers from 280-295K in northern California.
Those salaries were base. But my co-fellows said after they get voted in their salaries don't go up by that much. While I interviewed at private practices two years ago many pathologists who graduated training 15-20 years ago were fairly misinformed about Kaiser. The Kaiser of 15-20 years ago sounds quite different from the current entity. Kaiser pay also sounds fairly variable depending on region.Would clarify if those are starting base offers vs. salary levels they end up after getting voted into KPmedicalgrp.
Sounds high for starting base offers. But I have a long time Kaiser guy working for me now so I will ask.
So the current Kaiser range in Norcal is starting 160K, yes starting 160K. To get higher you have to submit paperwork to the PIC and aside from some crazy situation, it is almost universally denied. Meaning if you have 20 years of experience at place X and go to work at Kaiser tomorrow, you start at 160K. Max is 180K assuming the PIC and your chair grant a bonus at employment.
Once you are voted in, the pay is just north of 300. How much north depends on duties. YMMV. There is an additional option to buy KPmg stock which most do but you are limited in how much you can buy and who you sell it back to.
5 years to be vested in the Plan 1 retirement, which is what you want. That is the pension program. Plans 2-3 are modified private sector type 401Ks.
17 years or so to be vested in the healthcare plan.
that info is literally from KP.
So the current Kaiser range in Norcal is starting 160K, yes starting 160K. To get higher you have to submit paperwork to the PIC and aside from some crazy situation, it is almost universally denied. Meaning if you have 20 years of experience at place X and go to work at Kaiser tomorrow, you start at 160K. Max is 180K assuming the PIC and your chair grant a bonus at employment.
Once you are voted in, the pay is just north of 300. How much north depends on duties. YMMV. There is an additional option to buy KPmg stock which most do but you are limited in how much you can buy and who you sell it back to.
5 years to be vested in the Plan 1 retirement, which is what you want. That is the pension program. Plans 2-3 are modified private sector type 401Ks.
17 years or so to be vested in the healthcare plan.
that info is literally from KP.
...almost everyone has the option of "buying in" after around 2 years in KP medical grp, meaning salary bump up to the 300 level
That's not to shabby when compared to academia which has a lower ceiling and even some private groups which likely have a higher ceiling, but average 3-5 years for partnership. A former co-resident of mine who works for them told me that their pension plan is pretty sweet once vested. Another thing I heard was they enforce a mandatory retirement policy i.e. partners who've been their for X number of years must retire after a certain age (60-65). They might even make you sign such an agreement. This prevents old timers from hanging around. Dunno if anybody else can confirm this...
I think mandatory retirements are difficult to legally enforce. You can base it on competency and such but it's probably onerous. I suspect every state is different but there are age-discrimination federal statutes which I think make it a problem if you say "you have to retire at 65" or whatever.
They are very difficult to enforce. The way we go people to let go was that we had corporate by-law that you can no longer be on the board of directors after age 65. All partners were on the board and if you were not on the board, you could not be a partner. They could hang around but they would only get base salary and no bonus or directors fees which was the lions share of partner compensation.