The Navy will offer some sailors $100,000 to stay in the Navy
Not sure about whether to stay in or get out as your enlistment nears its end within the next six months? Well, depending on your rating, the United States Navy could have as many as 100,000 reasons for you to stick around.
According to a NAVADMIN released February 2018 that was signed by Vice Admiral Robert P. Burke, the Deputy Chief of Naval Operations for Manpower, Personnel, Training, and Education, the Navy has revised Selective Reenlistment Bonus levels for 39 skills across 24 ratings to encourage enlisted sailors to sign up for another hitch. The highest of these bonuses is $100,000, being offered to those sailors who ratings include explosive ordnance personnel, special operators (SEALs), and electrician’s mates with nuclear qualifications, depending on their Navy Enlistment Classification, or NEC.
Military.com notes that these bonuses vary given the needs of the service. Usually, half the bonus is paid out immediately, the other half will be given out in annual installments over the course of the re-enlistment. A servicemember can receive a maximum of two SRBs, totaling no more than $200,000.
Those who are eligible to receive the SRBs are sailors who hold the ranks of Seaman (or Airman, Hospitalman, or Constructionman), Petty Officer Third Class, Petty Officer Second Class, or Petty Officer First Class. Those selected for Chief Petty Officer are not eligible to receive the SRB.
The Navy Personnel Command website notes that to receive the SRB, the request must be made no less than 35 days before and no more than 120 days before the re-enlistment date. Sailors should contact their command career counselor for more information about possible eligibility for the SRB. They should do so quickly because the Navy “will continue to assess retention behavior and adjust SRB award levels accordingly,” according to the NAVADMIN.