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Career Counselor
Picture of ArmyReenlistment
Posted
Before you can figure a bonus, you'll need to understand that bonuses are paid off of "Additional Obligated Service" or AOS. This is the time AFTER your current contractual ETS.

Here is the Selective Reenlistment Bonus formula:

Step 1
Take Soldier's Monthly Base Pay amount and divide this by 12 (for a monthly amount, which bonuses are paid)
(Round up to nearest cent)

Step 2
Multiply the "monthly amount" by the bonus multiplier
(This multipler can be found in the latest MILPER Message)

Step 3
Multiply that by the AOS or "Additional Obligated Service"
(You get the AOS by subtracting the NEW ETS with the OLD ETS)

That is your Bonus.

If you are deployed to Iraq, Afghanistan or Kuwait, your bonus is TAX-FREE.

If you are on a stateside assignment, you will be paying 25% (not 28%) taxes on that amount.


It's YOUR career! Take control of it before someone else does.
http://www.ArmyReenlistment.com
 
Posts: 6262 | Location: Fort McPherson, GA (FORSCOM) | Registered: 31 December 2004Reply With QuoteEdit or Delete MessageReport This Post

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So what is my original ETS date prior to my new stop loss ETS date was August 8 , 2006? I wouldn't get a bonus for re enlisting?
 
Posts: 6 | Location: Fort Drum NY | Registered: 27 July 2006Reply With QuoteEdit or Delete MessageReport This Post


Career Counselor
Picture of ArmyReenlistment
Posted Hide Post
Of course you'd get a bonus.

You're speaking of reenlisting AFTER your contrcatual ETS?

You'd then get paid for the ENTIRE new contract ... years divided by 12 gives you the months you'd multiply by.


It's YOUR career! Take control of it before someone else does.
http://www.ArmyReenlistment.com
 
Posts: 6262 | Location: Fort McPherson, GA (FORSCOM) | Registered: 31 December 2004Reply With QuoteEdit or Delete MessageReport This Post
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