Hey, want to make an extra $175,000? Well, if you're a Navy fighter pilot and you're willing to spend another five years in the service, that pile of cash can be yours! Now that we have the big-ass headline and the promise of a lot of moolah out of the way, let's get down to the fine print.
According to a Navy release, the active-duty component is offering big cash in the form of Aviation Department Head Retention Bonuses and Aviation Command Retention Bonuses. The aim here is to keep talented, hardworking pilots on active duty. The Navy, essentially, is looking to avoid ending up in the same dire straits as the Air Force in terms of personnel shortages.
Here's how the bonuses will work, according to NAVADMIN 065/18. The Aviation Department Head Retention Bonus is open to any aviator selected for promotion to lieutenant commander. Pilots have the option of signing a contract of either three years or five years. Those who sign five-year deals prior to ADHSB selection results going public can get a bonus of up to $35,000. Your best bet for getting the big money is to fly F/A-18C Hornets, F-35 Lightnings, F/A-18E/F Super Hornets, EA-18G Growlers, or E-2C Hawkeyes. MH-53E Sea Dragon pilots, a minesweeping version of the CH-53E Super Stallion, are also eligible to for big bonuses.
Those who sign up for the Aviation Command Retention Bonus can get $100,000 over three years ($34,000 for the first year, $33,000 for the other two). Eligibility is limited to those officers who hold the rank of commander and who have been screened for becoming the commanding officer of an eligible operational, operational training, or special mission command. They agree to stay on for three years, which will include a tour after their squadron command. The obligation ends at the end of that post-command assignment or 22 years of active service, whichever comes later.
Aviation duty incentive pay (better known as flight pay) is also getting a boost, especially for those who are in administrative milestone billets. That only could net you a cool $1,000 in cash per month!
Those interested in the opportunity to earn big-money bonuses should get more details on the Navy's website.