MCBUL 7220 Change 4 to A/B/C Zone Multiples for the FY05 Selective Reenlistment Bonus (SRB) Program
This MARADMIN announces Change 4 to the FY05 Selective Reenlistment Bonus (SRB) Program, extending the eligibility period from 31 July 2005 to 30 September 2005. As of the message date, 90% of the FY05 SRB budget ($46.7 million) has been executed, supporting over 3,300 Marine reenlistments. Marines must submit reenlistment requests at least 7 business days prior to 29 September 2005 and execute reenlistment by 29 September 2005 to qualify for SRB payments.
Issued: July 19, 2005
1. PURPOSE. TO INFORM MARINES, CAREER RETENTION SPECIALISTS, AND COMMANDERS OF THE STATUS OF THE FY05 SRB PROGRAM AND EXTEND THE ELIGIBILITY DATES FOR FY05 A/B/C SRB MULTIPLES. 2. BACKGROUND. TO DATE, WE HAVE EXECUTED $46.7 MILLION (90 PERCENT) OF THE PLANNED FY05 SRB BUDGET. THESE FUNDS HAVE BEEN INSTRUMENTAL IN SUPPORTING THE REENLISTMENTS OF OVER 3,300 MARINES. 3. ACTION A. COMMANDERS AND CAREER RETENTION SPECIALISTS WILL INFORM THEIR MARINES THAT THE SRB PROGRAM FOR FTAP HAS BEEN EXTENDED FROM 31 JUL 2005 TO 30 SEP 2005. B. MARINES MUST SUBMIT A RELM TO CMC (MMEA-6) AT LEAST 7 BUSINESS DAYS PRIOR TO 29 SEP 2005 TO ENABLE CMC (MMEA-6) TO TURN AROUND THE REENLISTMENT REQUEST AND GRANT APPROVAL ON OR BEFORE 29 SEP 2005. C. TO QUALIFY FOR AN SRB PAYMENT, A ELIGIBLE MARINE MUST EXECUTE REENLISTMENT ON OR BEFORE 29 SEP 2005 (THUS HAVING AN EFFECTIVE REENLISTMENT DATE OF 30 SEP 2005 OR EARLIER). ALL SRB MULTIPLES IN REF A REMAIN THE SAME. D. IF THIS EXTENSION GENERATES INCREASED SRB PAYMENTS THAT EXHAUST AVAILABLE SRB FUNDS, THIS HEADQUARTERS MAY TERMINATE THIS PROGRAM PRIOR TO 30 SEP 2005. 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 30 SEP 2005.