How Much Is The Army Reenlistment Bonus?
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.
Do you get a bonus for reenlistment?
Reenlistment bonuses may be available to current service members when they reenlist for another term, again, usually in 3-, 4-, or 6-year increments. ... Each branch of service is able to determine which specialty (Rating, MOS, or AFSC) is eligible for a reenlistment bonus.
Enlistment and Reenlistment Bonus Guide - The Military Wallet
How are Army enlistment bonuses paid?
An enlistment bonus may be paid upon completion of training and award of the designated military specialty in periodic installments, as determined by the appropriate Secretary, except that the first install- ment may not exceed $7,000 and the remainder shall be paid in equal periodic installments which may not be paid ...
ENLISTMENT AND REENLISTMENT BONUS - Under Secretary of ...
How is reenlistment bonus calculated?
The product of 15 times the monthly rate of basic pay to which the member was entitled at the time of the discharge or release of the member; and. The product of the number of years (or the monthly fractions thereof) of the term of reenlistment or extension of enlistment of up to $90,000.
Military Bonuses Explained
How long does it take to get Army reenlistment bonus?
The initial payment of your Selective Re-enlistment Bonus (SRB) should take no longer than 30 days from the date of re-enlistment. If, after 30 days, you have not received your payment, you should contact your servicing finance officer, career planner, or admin or personnel office.
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