Fellows are paid an annual salary based on the LSU Health Sciences Center Health Care Services Division (HCSD) payscale effective July 1 of each year. The annual salary for fellows is currently $66,635 (July 2023).
Fellows receive pay-checks on a bi-weekly basis. Fellows are required to contribute to either Social Security or the approved alternative, Deferred Compensation. Deferred Compensation is a plan for tax-deferred savings and investment. This plan allows you to contribute 7.5% of your gross earnings to one of several investment choices offered by the plan administrator, Great West Life. A unique feature of Deferred Compensation is the availability of your funds without penalties. At termination of service with LSU, you will have the opportunity to withdraw your contributions and earnings without any tax penalties. You must pay applicable Federal and State taxes on the withdrawn funds. The funds may also be left on deposit with the plan where they will continue to be invested on a tax-deferred basis.