Nova Scotia launches doctor retirement bonus to boost recruitment and retention
CTV
Nova Scotia Premier Tim Houston has announced a new retirement benefit for doctors based on their years of service in the province.
Nova Scotia Premier Tim Houston has announced a new retirement benefit for doctors based on their years of service in the province.
Houston announced the new financial incentive Wednesday morning. He says he believes it will help keep and recruit more doctor to stay and work in Nova Scotia.
“We’re competing with the rest of the world for doctors, and that requires a comprehensive approach to our recruitment and retention efforts, including long-term financial incentives,” said Houston.
"Fixing health care. That's been my priority since Day 1," said Houston. "And you can't fix it without doctors."
The retirement fund will apply to all doctors working in the province who provide patient care, said Houston. That includes both full and part-time doctors who are licensed to work in Nova Scotia.
Currently, it is estimated there are 3,000 doctors working across the province who are eligible for the retirement fund, which provides doctors with financial incentives based on their years of service as of Dec. 31.
The province is reimbursing physicians for their contributions to their preferred retirement savings plan.
