Is there a reenlistment bonus for the Air Force?

Is there a reenlistment bonus for the Air Force?

The Air Force is wooing enlisted airmen and guardians in nearly 40 career fields to stay in the service with as much as $360,000 in bonus pay. Airmen can sign up for as many as four additional years at a time, and have to stay in the Air Force for the entire duration of their reenlistment to get the bonus.

How does Air Force reenlistment bonus work?

The bonus is usually paid in a lump sum or 50% paid at the time of reenlistment. 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 do I do with my reenlistment bonus?

Pay Down Debt In fact, using your reenlistment bonus to reduce debt is one of the best things you can do with the money. For each debt you’re able to pay off in full, you save money on interest, and free up that much more money on a monthly basis.

How is Air Force reenlistment bonus calculated?

Begin your calculation by multiplying the monthly chaplain salary by the number of years for which he is re-enlisting, like this:

  1. Monthly salary: $4,081.
  2. Re-enlistment term: 6 years.
  3. Calculation: $4,081 x 6 years = $24,486.

What Air Force jobs are in high demand?

Top Air Force jobs in demand

  • Combat controller specialists. These specialists receive highly skilled training in scuba, parachuting and snowmobiling, and are FAA-certified air traffic controllers.
  • Pararescue specialists.
  • Air Force special reconnaissance.
  • Tactical air control party specialists.

What Air Force jobs offer signing bonuses?

The list below includes career specific bonuses that may be available.

  • Combat Controller.
  • TACP- Tactical Air Control Party.
  • PJ- Pararescue.
  • Special Reconnaissance.
  • SERE- Survival, Evasion, Resistance and Escape (SERE)
  • EOD- Explosive Ordnance Disposal.
  • Airborne Linguist.
  • Crypto Linguist.

Which Air Force jobs offer bonuses?

Where is my reenlistment bonus?

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.

How do I get my reenlistment bonus?

Reenlistment Bonus : A Soldier currently serving in the Army may be eligible for a reenlistment bonus, provided the Soldier:

  1. has completed at least 17 months of continuous active duty (other than for training)
  2. is qualified in a military skill designated as critical.
  3. reenlists for a period of at least three years.

When is selective reenlistment bonus for AFSCs effective?

Joint Base San Antonio-Randolph, Texas (AFNS) — Enlisted Airmen in 23 Air Force specialty codes may be eligible to receive a selective reenlistment bonus (SRB) effective March 12, Air Force officials announced March 12.

Are there bonuses for reenlisting in the Air Force?

Reenlistment Bonus: A Service member currently serving in the Air National Guard who agree to reenlist for a or six year term of service and meet qualifying criteria may be eligible for a bonus up to $30,000.

How much do you get for signing bonus in Air Force?

The Air Force provides signing bonuses to individuals who enlist as a way to gain talented individuals in areas in which they need them the most. Bonuses can range anywhere from a few thousand dollars to over $30,000 in an individual year. They may be offered during initial enlistment or during re-enlistment.

How much does the Air Force spend on specialty codes?

The Department of the Air Force will spend more than $55 million for the FY 2021 program, which includes 37 total Air Force specialty codes, including 28 that remain eligible from the mid-year FY 2020 SRB program. Nine AFSCs were added to the program and 40 AFSCs were removed from the list.

Is there a reenlistment bonus for the Air Force? The Air Force is wooing enlisted airmen and guardians in nearly 40 career fields to stay in the service with as much as $360,000 in bonus pay. Airmen can sign up for as many as four additional years at a time, and have to stay in…