Most Popular Military Pay Articles

  • Airman helping service member with paperwork
    Military Pay Charts for 2017
    Military.com
    The military will either see a 1.6% or a 2.1% pay raise for 2017.
  • Military Pay Charts
    2017 Military Pay Charts
    Military.com
    Check out the 2017 US military pay scale charts for all ranks for active duty, as well as Reserve and Guard components.
  • Marine retirement
    The Military Retirement System
    Military.com
    The following is a summary of what you need to know regarding Military Retirement pay benefits.
  • USCG house in Alameda
    Basic Allowance for Housing Rates
    Military.com
    Each year the Basic Allowance for Housing (BAH) is updated to meet current housing costs in military housing areas (MHAs).
  • Vietnam veterans Robert Rivers and Daniel Brown
    COLA for Retired Pay
    Military.com
    Each year military retirees receive a Cost of Living Adjustment to their retirement pay. The increase is based on inflation rates.

Individual Ready Reserve Reenlistment Bonus

Cash in Hand

If you are or were a member of the armed forces, and reenlist, enlist, or voluntarily extend an enlistment in a combat or combat support skill of the Individual Ready Reserve (IRR) of an armed force for a period of three to six years beyond your obligation, you may be paid a bonus. A bonus may not be paid if you have failed to complete satisfactorily any original term of enlistment in the armed forces.

The amount of a bonus may not exceed $10,000, and is determined by the specific services.

A bonus paid may be paid either in a lump sum, annual installments, or a combination of the two as determined by the specific service component.

A person who receives a bonus payment and who fails to serve satisfactorily in the Individual Ready Reserve shall refund an amount according to the fraction of time that was not served satisfactorily.

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Featured VA Loan Articles

  • VA Loan Closing Costs: An Added Benefit
    Besides the advantage of requiring no down payment for qualified VA borrowers, there's also a distinct advantage for the borrow...
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    IRRRL Facts for Veterans
    Military.com
    IRRRL stands for Interest Rate Reduction Refinancing Loan,also known as a "Streamline" or a "VA to VA" loan.
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    VA Loan Limits for High-Cost Counties 2017
    Military.com
    The VA loan limit for 2017 is $424,100. But it could actually be substantially more if you buy a home in a high-cost county. Se...
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    There are numerous advantages to having a VA mortgage. A VA mortgage loan can be guaranteed with no money down, in some cases u...
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