FY02 Selective Reenlistment Bonus program update. (Around the Fleet).
SRBs have contributed to the outstanding retention rate. For those Sailors with less than six years of service, Zone A, the retention rate is at 65.8 percent, nearly 9 percentage points above the Navy's goal. Retention rates for all zones are well above Navy goals.
"The Navy values the service of every Sailor who decides to stay Navy. The reenlistment numbers have been truly impressive, reflecting a sense of mission and leadership involvement throughout the fleet," said Chief of Naval Personnel VADM Norb Ryan Jr.
With more than 15,000 Sailors receiving SRBs, this year's $186 million budget for SRBs has been expended at a higher rate than expected, making it necessary to adjust how SRBs are awarded.
Helping Navy leadership shape manning in critical skill areas, SRBs are a financial incentive for these Sailors to reenlist.
After the SRB program revised rates in March, approximately 4,800 Sailors applied for SRBs during the transition period in April and early May, making this one of the largest SRB months ever.
"The SRB take-rate has been super. To ensure we have enough money to sustain the program through the remainder of the fiscal year, we've had to take the step of prioritizing who receives SRBs through September," said Ryan.
Priority consideration for remaining SRB requests will be given in the following order:
* Sailors who will pass through the SRB zone of eligibility before the end of FY02.
* Sailors who are under orders to obligate service and orders must be executed in FY02.
* Sailors whose end of active obligated service (EAOS) is in FY02 with no extension time remaining on contract (reached 48-month maximum extension time).
* Sailor with requests to reenlist and are departing a tax-free zone in FY02.
* Sailors with an inoperative extension with an EAOS in FY02.
* Al1 other Sailors requesting SRB reenlistment.
Those Sailors whose FY02 reenlistment requests cannot be supported based on these priorities will automatically be given an extension and a reenlistment date in the first 45 days of FY03.
For more information on SRB prioritization, see NAVADMIN 141/02 and your command career counselor. For current SRB award levels, see NAVADMIN 097/02. Both messages are available on the Web at www.bupers.navy.mil.
The intent is to approve eligible SRB reenlistment requests for September 2002 or the first 45 days of FY03 at an amount not less than Sailors would have received if they had reenlisted at EAOS in FY02.
Story by Chief of Naval Personnel public affairs staff
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|Article Type:||Brief Article|
|Date:||Jul 1, 2002|
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