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Career Status Bonus (CSB) - $30,000
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I completed the forms and had the money in my bank within a week. I do not hit my 15 year mark until May 8th so you get it soon after you submit the paperwork. Just make sure that an O5 or above signs it. I ran into a snag when I had my company commander sign it. Took me another month to resubmit.
 
Posts: 3 | Location: Iraq | Registered: 12 December 2007Report This Post


Career Counselor
Picture of ArmyReenlistment
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Thanks for sharing your "real-life" experience with us. This will help many!


It's YOUR career! Take control of it before someone else does.
http://www.ArmyReenlistment.com
http://www.facebook.com/ArmyReenlistment
 
Posts: 6763 | Location: Joint Base Myer-Henderson Hall | Registered: 31 December 2004Report This Post

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My husband never received any notification about his eligibility for the CSB but he did go about doing everything he needed to do on his own. He turned in the paperwork in November and his 15 year mark according to the person who helped him was on 04 Jan 08. He has not heard anything further about his bonus and we are wondering whether or not he is going to get it? Is there any way we can check this out to find out what the status is? I appreciate any help with this matter! Thank you!
 
Posts: 2 | Registered: 02 April 2008Report This Post


Career Counselor
Picture of ArmyReenlistment
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You'll need to see the S-1 and get a verfication that it was even submitted. If it's been since November, chances are it was either never submitted or submitted incorrectly and a follow-up was not conducted.


It's YOUR career! Take control of it before someone else does.
http://www.ArmyReenlistment.com
http://www.facebook.com/ArmyReenlistment
 
Posts: 6763 | Location: Joint Base Myer-Henderson Hall | Registered: 31 December 2004Report This Post

Picture of 68WWife/92FSoldier
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I know this is going to sound redundant but I'm trying to follow this as well as I can.

So is the CSB a permanent available bonus, completely different from the MILPER messages released concerning reenlistment bonuses?

From what I can gather you are saying it is only beneficial to use this program if you can stay in past the 25 year mark, or the 29 year mark?

Lastly, my husband hits 14 years on 29 November and will be reenlisting within the next couple of months. When he hits the 14.5 mark, is he still eligible for the CSB even though he had just reenlisted within such a small time frame?

Thank you for your time and knowledge....


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Advice... Go upstairs, grab your big girl panties, and put them on....
 
Posts: 287 | Location: Fort Campbell, KY | Registered: 15 February 2008Report This Post

Picture of SSG Black
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http://www.defenselink.mil/militarypay/retirement/ad/04_redux.html

Yes this bonus has nothing to do with retention. Go to website, and read about it. There is also a timeline that has to be followed when submitting the paperwork.
 
Posts: 314 | Location: Iraq | Registered: 13 February 2008Report This Post


Career Counselor
Picture of ArmyReenlistment
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quote:
Originally posted by whiskeywife:
From what I can gather you are saying it is only beneficial to use this program if you can stay in past the 25 year mark, or the 29 year mark?

This is a personal issue ... if you need the money and use it to pay off high interest bills, it's a great thing.

If you want the money just to blow it, you can do this, but might not be fiscally responsible.


It's YOUR career! Take control of it before someone else does.
http://www.ArmyReenlistment.com
http://www.facebook.com/ArmyReenlistment
 
Posts: 6763 | Location: Joint Base Myer-Henderson Hall | Registered: 31 December 2004Report This Post

Picture of 68WWife/92FSoldier
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Thank you, and trust me, it would definitely go to pay off some bills, but I know my husband and before I could use it to pay stuff off he might spend a bit of it on a fishin boat. He's going to stay in till the Army tells him to get the hell out, but just in case, I still want to be prepared for the future and wouldn't want a bonus to effect a lifetime, you know?


_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Advice... Go upstairs, grab your big girl panties, and put them on....
 
Posts: 287 | Location: Fort Campbell, KY | Registered: 15 February 2008Report This Post


Career Counselor
Picture of ArmyReenlistment
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Hope it all works out with you and your husband's CSB.


It's YOUR career! Take control of it before someone else does.
http://www.ArmyReenlistment.com
http://www.facebook.com/ArmyReenlistment
 
Posts: 6763 | Location: Joint Base Myer-Henderson Hall | Registered: 31 December 2004Report This Post

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I just wanted to say thank you. He went to S1 and they had to resubmit the paperwork, I think they did it too early originally, but now they say that it will be paid within 30 days, so we shall see. I'll have to let you know if and when it finally comes. Thanks again!
 
Posts: 2 | Registered: 02 April 2008Report This Post


Career Counselor
Picture of ArmyReenlistment
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Wonderful. Glad we could be of assistance. Keep us posted.


It's YOUR career! Take control of it before someone else does.
http://www.ArmyReenlistment.com
http://www.facebook.com/ArmyReenlistment
 
Posts: 6763 | Location: Joint Base Myer-Henderson Hall | Registered: 31 December 2004Report This Post

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CAN SOMEONE PLEASE HELP ME OUT ON THIS!! CAN YOU OR CAN YOU NOT OPT AND RECEIVE THIS BOUNUS AT 14 1/2 YEARS. IF YOU CAN< PLEASE EXPLAIN HOW. THANKS
 
Posts: 1 | Registered: 19 May 2008Report This Post

Picture of ArmyReup
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At the 14 1/2 you should receive the paperwork to elect to receive the CSB. If you do not want to take part in the CSB, do nothing, do not turn the paperwork in, you will not receive the bonus. If you want to take part in the program, fill out the paperwork and submit to the retirement section. If you elect to take part in the CSB, elect the lump sum. This way they only tax you once, not on each and every anniversary payment.
 
Posts: 194 | Location: Fort Campbell, KY | Registered: 17 August 2007Report This Post


Career Counselor
Picture of ArmyReenlistment
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quote:
Originally posted by kendrick31313:
CAN SOMEONE PLEASE HELP ME OUT ON THIS!! CAN YOU OR CAN YOU NOT OPT AND RECEIVE THIS BOUNUS AT 14 1/2 YEARS. IF YOU CAN< PLEASE EXPLAIN HOW. THANKS

Geez, why are you yelling? Razzer

http://www.defenselink.mil/militarypay/retirement/ad/04_redux.html

The $30,000 Career Status Bonus
Those members who elect the CSB/REDUX retirement system at their 15th year of service receive a $30,000 Career Status Bonus. To receive this bonus, the member must agree to complete a twenty-year active duty career with length-of-service retired pay under the 1986 Military Retirement Reform Act -- 1986 MRRA or REDUX. Contination beyond twenty years is possible, subject to Service personnel management actions. However, the member's commitment with the CSB is only to the 20-year point.
The entire $30,000 bonus, or first installment payment for those electing a multi-year payment option, is paid shortly after the member makes the CSB/REDUX election and commits to the 20-years-of-service obligation. Exact mechanics should be provided by your Service near the point you have 14 and 1/2 years of service.)

I don't think you'll be provided the paper ... just in case you want to get it filled out, here it is ... http://www.dtic.mil/whs/directives/infomgt/forms/eforms/dd2839.pdf


It's YOUR career! Take control of it before someone else does.
http://www.ArmyReenlistment.com
http://www.facebook.com/ArmyReenlistment
 
Posts: 6763 | Location: Joint Base Myer-Henderson Hall | Registered: 31 December 2004Report This Post

Picture of 68WWife/92FSoldier
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I don't know if anyone else noticed this, but....

"A feature unique to REDUX is a re-computation of retirement pay at age 62. Two adjustments are made. The first adjusts the multiplier to what it would have been under High-3. For example, a 20-year retiree's new multiplier would become 50%, a 24-year retiree's multiplier would become 60% but a 30-year retiree's would remain 75%. This new multiplier is applied against the individual's original average basic pay for his or her highest 36 months. Then the second adjustment is done. Full CPI for every retirement year is applied to this amount to compute a new base retirement salary. At age 62, the REDUX and High-3 retirement salaries are equal. But, REDUX COLAs for later years will again be set at CPI minus 1%"

Found at http://www.defenselink.mil/militarypay/retirement/ad/06_rc_thechoice.html


_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_
Advice... Go upstairs, grab your big girl panties, and put them on....
 
Posts: 287 | Location: Fort Campbell, KY | Registered: 15 February 2008Report This Post
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