NLMA

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Professionals' Assistance Program

It has become broadly accepted that physicians are vulnerable to stress in the workplace and the challenges of life-work balance. The NLMA co-sponsors the Professionals' Assistance Program, a confidential service offered to physicians, lawyers and their families. The program provides assessment, referral and counseling services and can respond to a broad range of personal issues such as marital and family problems, stress and anxiety, depression, alcohol and drug dependencies, and legal or financial concerns. Self-referrals are accepted directly from the professional, as well as referrals from a concerned colleague or family member. Services are also extended to student and resident members. The program is coordinated by an experienced social worker who facilitates the early recognition of problems, initiates active intervention and makes appropriate referrals for treatment and rehabilitation.

Personal Insurance Programs

NLMA members are eligible to apply for coverage under the group insurance plans of the Ontario Medical Association (OMA). OMA Insurance coverage includes life insurance for members and their spouse, disability income, professional overhead expense, retirement protection rider in the event of a disability, and accidental death and dismemberment (with coverage available for physicians, their spouse and dependent children).

Extended health care and dental insurance is also available for physicians and their families. As well, office employees are eligible to apply for both these plans. OMA Insurance also offers individual Canada Life 10- and 20-year term life insurance, critical illness and disability income.

Student members are eligible for the life, extended health care and dental insurance plans. A special student disability benefit is also available.

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Investment and Financial Services

The NLMA Group Registered Retirement Savings Plan (RRSP), administered by MD Financial, provides salaried members who are employees of the Government of Newfoundland and Labrador with a group RRSP. Contributions are based on bi-weekly contributions of five per cent by the employer and five per cent by the employee, deducted automatically from salary (subject to the yearly maximum contribution level). These contributions are forwarded directly to the NLMA Group RRSP and invested by MD Financial according to the physician's instructions.

Please note: If salaried service pre-dates December 1, 2000, retirement savings may be in the Public Service Pension Plan (PSPP). At the time of conversion to the Group RRSP, salaried physicians were given the option to stay in the Public Service Pension Plan or transfer to the Group RRSP. This was a one-time offer to choose. New salaried physicians will automatically join the Group RRSP and are not eligible for the PSPP.

Newfoundland and Labrador Medical Scholarship Foundation

The NLMA has established the Newfoundland and Labrador Medical Scholarship Foundation to offer financial assistance to medical students. The Foundation provides bursaries to medical students in Newfoundland and Labrador-funded seats at the Memorial University Faculty of Medicine. The NLMA also awards two (2) scholarships to third-year medical students each year based on potential interest in the organizational aspects of the medical profession.

The Gerry Lynch Memorial Scholarship is awarded annually to a graduating medical student at Memorial University for the completion of a research paper on a medical/political topic. Through a generous donation from Dr. Phyllis Madryga (Duncan), a separate scholarship is also awarded to a Memorial University medical student with plans to enter a family practice residency and practice in rural Newfoundland and Labrador.