One-Half Mil 'Tax Free' Goes to SailorsOctober 03, 2008
Navy News|by MC3 Sarah Bitter
USS PELELIU, At Sea - Approximately $500,000 in Selective Re-enlistment Bonuses (SRBs) has been paid out to Sailors aboard USS Peleliu (LHA 5) who have decided to "Stay Navy" during the past four months.
The group of 33 Sailors took advantage of the fact that the ship was operating in the tax-free zone of the U.S. 5th Fleet's area of operation from June 13 until Sept. 23 when making their decision to re-enlist.
Senior Chief Navy Career Counselor (SW/AW) Rita Carman, Peleliu's senior career counselor, explained SRBs are a market-based incentive allowing enlisted community managers to strategically adjust award levels as retention needs change.
"This program is one of the Navy's best career incentives," said Carman. "The SRB program enhances the Navy's ability to size, shape and stabilize the force by using a monetary incentive to encourage Sailors with critical skills and valuable experience to 'Stay Navy'."
Prior to receiving an SRB, Sailors must meet certain pre-qualifications such as required job certification and certain job-specific training that make them essential to the Navy's mission.
Rest of article at:
http://www.military.com/news/article/navy-news/onehalf-mil-tax-free-goes-to-sailors.html?col=1186032311124