How does time owed affect an SRB lump sum payment?
Posted by MarkSep 9
I have to re-enlist to meet time in service requirements for my new rank. I have a little less than 2 years left on my current contract. I’m in a critical skill that is eligible for 14000 lump sum SRB and I’m deployed. My question is, how does my 22 months on this current contract affect the bonus for a critical skill lump sum SRB.
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Is this your first enlisment or second, also there are certain rates/mos that would make it hard to awnser. Just saying Critical doesn’t narrow it down.
It would take me too long to sit here and figure out how answer this question with the amount of information given. But below are some helpful links.
The First Link is to the instruction that governs the SRB program. Check out enclosure 1 and the section that reads SRB Computation.
Second link is to the NPC website page that talks about SRB’s
Third Link is the the New NAVADMIN that talks about the most recent changes to the SRB Program and the award levels.
SRB will be calculated as follows:
The number of months re-enlisting for, minus, the number of months you are already obligated for.Divide that by 12. Multiply your adjusted months by 1 month of your base pay at the time of reenlistment. Multiply that by your award level. and that’s your total payment before taxes.