MCBUL 7220. Change 1 to Multiples for the Fiscal Year 2004 (FY04) Selective Reenlistment Bonus (SRB) Program
This MARADMIN announces Change 1 to the FY04 Selective Reenlistment Bonus (SRB) program, extending the program cutoff date from January 31, 2004 to May 1, 2004. The extension allows additional time for eligible Marines to submit reenlistment requests and execute reenlistments to qualify for SRB payments, though the program may terminate early if available funds are exhausted.
Issued: January 9, 2004
1. PURPOSE. TO INFORM MARINES, CAREER RETENTION SPECIALISTS, AND COMMANDERS OF THE STATUS OF THE FY04 SRB PROGRAM AND TO EXTEND FY04 SRB PROGRAM CUT-OFF DATE. 2. BACKGROUND. REF A ANNOUNCED THE FY04 SRB MULTIPLES AND GUIDELINES FOR ZONES A, B, AND C. TO DATE, WE HAVE EXECUTED $29.5 MILLION (57 PERCENT) OF PLANNED FY04 SRB BUDGET. THESE FUNDS HAVE BEEN INSTRUMENTAL IN SUPPORTING THE REENLISTMENTS OF 2,775 MARINES. 3. ACTION A. COMMANDERS AND CAREER RETENTION SPECIALISTS WILL INFORM THEIR MARINES THAT THE SRB PROGRAM HAS BEEN EXTENDED FROM 31 JAN 2004 TO 1 MAY 2004. B. MARINES MUST SUBMIT A RELM TO CMC (MMEA-6) BY COB ON 21 APR 2004 TO ENABLE CMC (MMEA-6) TO TURN AROUND THE REENLISTMENT REQUEST AND GRANT APPROVAL ON OR BEFORE 30 APR 2004. C. IN ORDER TO QUALIFY FOR AN SRB PAYMENT, A QUALIFIED MARINE MUST EXECUTE REENLISTMENT ON OR BEFORE 30 APR 2004 (THUS HAVING AN EFFECTIVE REENLISTMENT DATE OF 1 MAY 2004 OR EARLIER). ALL SRB MULTIPLES IN REF A REMAIN THE SAME. D. MARINES SHOULD NOT PLAN ON FURTHER PROGRAM EXTENSIONS. E. IF THIS EXTENSION GENERATES INCREASED SRB PAYMENTS THAT EXHAUST AVAILABLE SRB FUNDS, THIS HEADQUARTERS MAY TERMINATE THIS PROGRAM PRIOR TO 1 MAY 2004. IF EARLY TERMINATION IS REQUIRED, A NEW MARADMIN WILL BE PUBLISHED 30 DAYS PRIOR TO THE NEW TERMINATION DATE. 4. THIS BULLETIN IS NOT APPLICABLE TO THE MARINE CORPS RESERVE. 5. THIS BULLETIN CANCELS ON 1 MAY 2004.