Dino Posted December 22, 2011 Report Share Posted December 22, 2011 I found my notes from 2009 re MOTP, in part, as follows: Vacation is 4 weeks, after 4 years, it is 5 weeks, long serving receive 6 weeks Other: given 5 days per year for professional training (so you can attend convention and then start your vacation!); free medical and dental care; officer’s rank as student; you will be posted to a base medical clinic in Canada Maternity leave of 12 months at close to full pay Excellent pension plan that starts immediately when enrolled into MOTP as student. Entitled to of up to 5 years of specialty training at full pay. For each year of specialty training, you must continue with military for another 2 years, e.g., 5 more years of education at full pay = 10 more years of practice Starting salary of specialist is $187,000 up to $258,000. Pension: after service of 25 years or more, entitled to pension based upon 2% for each year of service (which includes years of study). Pension indexed against inflation once your age plus years of service = 85. Example, 25 years of service at current salary of $234,000 = pension of $117,000/yr, and if retire before reaching “85 above”, pension will be indexed at age 60. So, if you study for 5 years incl. residency and have 5 more years of study after your 4 years (at full pay), you need only practice medicine 15 years, you will have in total 25 years, and a pension of $117,000/yr (plus indexation) at about age 46 – when you are young enough to go into private practice (or, continue with CF at great salary and build up your eventual pension, e.g., at age 56, your pension will be $140k/yr (plus future indexation). Another interesting post. I am trying to return to the military and buy back my pension (4.5 years). Getting old, but I would still be able to reach my 20yrs of service. Another advantage is that military physicians work less hours and, since they are salaried, they can spend more time with their patients. They can also moonlight outside the military if they wish, as long as it doesn't interfere with their military duties. Other great advantages: no overhead and all required staff already provided. The working con€ditions for Medical Officers in Canada are also much better than in the U.S. as far as support staff and equipment is concerned, so one can actually concentrate on medicine and not have to run across the building to use the one working photocopier, etc. The specialties available after completing the initial contract include: anesthesia, radiology, psychiatry, internal medicine, orthopedic surgery or general surgery. The residencies are meant for military personnel only, so the candidates don't have to compete against civilians. Think about it: Doing residency without debt, while earning 160k/yr, while getting 5 - 6 paid vacation/yr and building your pension! Link to comment Share on other sites More sharing options...
future_doc Posted December 22, 2011 Report Share Posted December 22, 2011 I hope you succeed in the buy back. Link to comment Share on other sites More sharing options...
JB. Posted December 22, 2011 Report Share Posted December 22, 2011 I think it's a good deal if you like the military lifestyle. I certainly wouldn't encourage anyone to follow that path because they assume it's easier. Hope things work out for you! Link to comment Share on other sites More sharing options...
Dino Posted December 22, 2011 Report Share Posted December 22, 2011 I hope you succeed in the buy back. Thanks, buddy. Link to comment Share on other sites More sharing options...
future_doc Posted December 22, 2011 Report Share Posted December 22, 2011 Life is tough and the only person to count on to protect our best interests is ourselves. Link to comment Share on other sites More sharing options...
Dino Posted December 22, 2011 Report Share Posted December 22, 2011 Life is tough and the only person to count on to protect our best interests is ourselves. A tough lesson. Link to comment Share on other sites More sharing options...
future_doc Posted December 22, 2011 Report Share Posted December 22, 2011 A tough lesson. The sooner one learns this the better. I am a kid relatively speaking (in med school, lol) and learned upon leaving h.s. that every decision had to be strategic and tactical - and my own. Sure, hear what others have to say, but make up your own mind as we each take responsibility for our decisions, and these decisions affect our lives. I am a happy camper thus far. Link to comment Share on other sites More sharing options...
Dino Posted December 22, 2011 Report Share Posted December 22, 2011 The sooner one learns this the better. I am a kid relatively speaking (in med school, lol) and learned upon leaving h.s. that every decision had to be strategic and tactical - and my own. Sure, hear what others have to say, but make up your own mind as we each take responsibility for our decisions, and these decisions affect our lives. I am a happy camper thus far. We had a saying in he military: Q: How do you say f*ck you in the military? A: Trust me! Link to comment Share on other sites More sharing options...
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