How Does Navy SRB Work?
This is called the Selective Reenlistment Bonus (SRB) plan. The program provides a monetary incentive to sailors with critical skills and experience to stay Navy and rewards sailors who possess special training in skills that are most needed in the fleet.
Reasons you might have to repay your bonus can include, but are not limited to: voluntary separation, misconduct, failure to meet standards, failure to meet technical qualifications, cross-training into a new career field before completing the terms of your contract, and possible other reasons.
Enlistment and Reenlistment Bonus Guide - Understanding the Rules
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.
Navy SRB
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 remaining bonus amount is paid in equal annual installments.
The Selective Reenlistment Bonus (SRB) - Military.com
How long does it take to get SRB bonus?
When will I get paid for my Selective Re-enlistment Bonus (SRB)/Selective Enlistment Bonus (SEB)? The initial payment of your Selective Re-enlistment Bonus (SRB) should take no longer than 30 days from the date of re-enlistment.
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