How Do You Calculate Navy SRB?
Navy SRB Guidance, December 2019 The Navy's Selective Reenlistment Bonus is calculated by multiplying your basic pay (times) number of SRB eligible months reenlisting for (divided by 12) then multiplied by the SRB award level for your zone.
How are Navy SRB payments made?
The SRB may be paid in a single lump sum or in annual installments. If paid in installments, the member will receive no less than 50% of the bonus up front with the remaining balance to be paid in equal annual installments.
Ask Military Pay - askDFAS - A DFAS Customer Service Tool
The Navy breaks down a 30-year active-duty career into five retention zones. SRB is only offered critical skills in three of those zones -- Zone A, which covers zero to six years, Zone B - six to 10 years and of active service and Zone C – 10 to 14 years of active service.
Navy Announces Initial FY-21 Reenlistment Bonus Levels
Calculate the First SRB Payment In another example, say someone in Zone A with special reconnaissance skills decides to re-enlist for a term of three years. Multiply her monthly salary by the length of re-enlistment, like this: $5,778 x 3 = $17,334.
How to Calculate a Selective Re-Enlistment Bonus and First ...
The current maximum SRB is $25,000 per year or reenlistment, making the maximum SRB payable $100,000 for a 4 year reenlistment. You may qualify for up to 2 SRBs in your military career for a maximum total of $200,000. The bonus is usually paid in a lump sum of 50% paid at the time of reenlistment.
The Selective Reenlistment Bonus (SRB) - Military.com