How is Navy 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.

Can you reenlist for 3 years Navy?

Term of Reenlistment The term of enlistment or reenlistment in the AC or RC will be for a term of 2, 3, 4, 5, or 6 years per reference (b). The term of the enlistment contract must equal or exceed the period of service for which already obligated.

How much is the Navy reenlistment bonus?

The bonuses are available in increments up to $30,000, $45,000, $60,000, $75,000 and $100,000 — an amount determined by the critical need of the skill set. Sailors can expect to receive half of the bonus amount initially, with the rest paid out in a series of equal installments. Here’s who is eligible.

When should I get my SRB?

When will I get paid for my Selective Re-enlistment Bonus (SRB)/Selective Enlistment Bonus (SEB)? The initial payment of your Selective Re-enlistment Bonus (SRB) should take no longer than 30 days from the date of re-enlistment.

How much will my reenlistment bonus be 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. If the withholding is too high for your tax bracket, then you will likely receive a larger than normal refund the following year.

How long until I get my 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 is Zone A for an SRB Navy?

Zone A — Sailors between 17 months and 6 years of service. Zone B — Sailors between 6 years and 10 years of service. Zone C — Sailors between 10 and 14 years of service.

What are the Navy SRB zones?

The bonus “zone” is simply the amount of time the person has been in the military at the time of re-enlistment: Zone A — Sailors between 17 months and 6 years of service. Zone B — Sailors between 6 years and 10 years of service. Zone C — Sailors between 10 and 14 years of service.

How long does it take to get SRB payment?

How much are SRBS taxed?

How do you calculate SRB zone in the Navy?

Navy SRB Guidance, June 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. Zone A is 2 to 6 years, Zone B is 6 to 10 years and Zone C is 10 to 14 years of active service.

How do you calculate reenlistment bonus SRB?

SRB Calculations. A service member’s reenlistment bonus is calculated by multiplying her base pay by the number of years of additional service, and then by the SRB multiplier. The military divides years of service into Zones. Zone A is for a period of 21 months to six years; Zone B is for a period of six to 10 years;

How do you calculate SRB time?

Updated: July 12, 2016. How to do the math; SRB is calculated by multiplying your current basic military pay (times) number of SRB eligible months reenlisting for (divided by 12) then multiplied by the SRB award level for your zone. Zone A is 2 to 6 years, Zone B is 6 to 10 years and Zone C is 10 to 14 years of active service.

What is the maximum SRB cap for the military?

SRB ceiling caps are governed by the current SRB NAVADMIN and Department of Defense Instruction (DoDI) 1304.31. In no case can an SRB exceed $100,000.00. Current federal policy further limits SRBs to a maximum of $30,000.00 per year of additional obligated service (AOS).