How is SRB calculated?

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.

How long does it take to get Navy SRB?

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.

What are SRB tiers?

Tier 1: $30,000 – $100,000 – The payouts are awarded to the most critical skills. Tier 2: $30,000 – $75,000 – Must be within 90 days of their end-of-service date. Tier 3: $30,000 – $45,000 – The payouts are awarded to the lowest priority skills.

What is the eligibility criteria for the SRB program?

The enlisted member must: *1. Have completed at least 21 months of continuous active duty (other than active duty for training as a Reserve) but not more than 6 years of active duty on the date of reenlistment or beginning of an extension of enlistment.

How much is a tier 10 bonus Army?

Although retention is at a historic high, the Army still needs to fill jobs such as unit supply specialists in the 75th Ranger Regiment — a Tier-10 option that could earn a specialist a $65,600 bonus for a commitment of 60 months or more, officials said.

How much is a Tier 3 bonus Army?

For example, staff sergeants in tier 3 would get a $2,900 bonus for a one-year commitment and $8,800 for five years under the old guidance, but now will receive $1,600 for one year and $11,200 for five years.

How much are SRBs taxed?

You will also have taxes automatically withheld from your bonus, generally at the 25% or 28% rate. This is automatically done by the government, and not something you can change.

What is Zone A for an SRB Navy?

The SRB is used to retain service members with predetermined levels of experience (time in service) called zones. Those zones are: Zone A — reenlistment between 21 months and six years of active service. Zone B — reenlistment between 6-10 years of active service.

How are SRBS paid?

The bonus is usually paid in a lump sum or 50% The remaining bonus amount is paid in equal annual installments. It is taxable, however if you reeenlist in a tax-free combat zone or are a foreign national who reenlists OCONUS it is not taxable, and the installments are also tax-free.

What is Zone C in the Navy?

Zone C — Sailors between 10 and 14 years of service.

Can warrant officers do Reenlistments?

(1) Some Reserve officers and warrant officers of the Army have a statutory entitlement to reenlist in their former enlisted grade. The entitlement period starts on the day after discharge or release from active duty as an officer, and expires 6 months after that date.

What does SRB mean in military?

Selective Retention Bonus Program. March 30, 2022. The Selective Retention Bonus (SRB) Program is a monetary incentive offered to qualified Soldiers who reenlist in the Regular Army for continued duty in certain military occupational specialties (MOS).