Navy offering up to $100k bonuses for reenlistment

Cmdr. M.J. Tesar, then-commanding officer of the Los Angeles-class attack submarine USS Cheyenne conducts a triple reenlistment ceremony aboard the USS Bowfin Museum at Pearl Harbor Memorial Park. Petty Officer 2nd Class Anthony O'Hare, Petty Officer 3rd Class Caleb Clonts and Petty Officer 2nd Class Timothy Griffin each reenlisted for six more years of naval service and received a total combined reenlistment bonus of $247,000. (Photo taken in 2008) Photo by Seaman Apprentice Luciano Marano

The US Navy is “indirectly” taking advantage of the grim economic outlook, offering serious cash for those wishing to reenlist.

The 2020 Selective Reenlistment Bonus program began last week, and is offering 27 skill sets a major cash incentive to stay.

Around 10,000 additional enlisted sailors now qualify for bonuses, and the move may entice some to stay in the Navy.

“Although overall enlisted retention is high, the Navy continues to use the Selective Reenlistment Bonus program to offer competitive financial incentives to sailors in needed skill sets across the fleet,” said Capt. Angela Katson, head of enlisted plans and policy for the chief of naval personnel.

According to Military.com, the Navy denies that the changes are related to the current pandemic, but the change also comes as the Pentagon doubles down on resisting stop-loss orders.

Some bonuses could pay up to $100,000.

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