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Some Soldiers eligible for MGIB benefits transfer.

The Army announced July 21 the implementation of a pilot program allowing Soldiers in critical skills who reenlist the ability to transfer Montgomery GI Bill benefits to their spouse.

Enlisted Soldiers who have completed at least six years of service, reenlist for a minimum of four years, qualify for a Selective Reenlistment Bonus (SRB), and are entitled to a Zone B or Zone C bonus will have the option to transfer up to 18 of 36 months of their MGIB entitlement. Soldiers can choose between a full SRB or a slightly reduced SRB plus the ability to transfer more than $18,000 in benefits.

The fiscal 2006 basic MGIB monthly benefit for fulltime training is currently $1,034. This benefit is also available but prorated for part-time enrollment.

Soldiers who elected the Army College Fund (ACF) as an enlistment option and/ or have enrolled and paid toward the $600 MGIB Additional Opportunity can include their expanded benefit (MGIB, ACF and MGIB Additional Opportunity) in the transferability program.
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Publication:Infantry Magazine
Date:May 1, 2006
Words:167
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