Friday, June 15, 2007

Marines overhaul enlistment bonuses, increase maximum to $80,000 in new flat-rate system

Marines with Fox Company, 2nd Battalion, 7th Marine Regiment conduct a foot patrol to assess the damage after a car bombing near Forward Operating Base Riviera in April

Three weeks after the Corps’ top officer told his generals the retention effort “is not progressing according to plan,” the Corps announced a Selective Re-enlistment Bonus overhaul that now offers as much as an eye-popping $80,000 for some Marines to sign on for another four.

The new bonus program, unveiled June 7, kicks off June 24, and at that point, the days of flexible bonus multiples will be gone. It’s all about flat-rate bonuses based on rank and military occupational specialty, with a 33 percent raise in the maximum payment, according to MarAdmin message 349/07. The existing bonus had been capped at an already impressive $60,000.

And under this new plan, everyone can cash in. Even ranks and military occupational specialties that had been left out of bonus plans in previous years can still get at least $10,000 in Assignment Incentive Pay for re-upping. However, after June 23, Marines can no longer take the $10,000 on top of their SRB.

Read the rest at Marine Corps Times

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