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Old 10-12-2008, 03:43 PM   #1
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Bonuses offered to new LT's....

Hefty bonuses offered to attract new lieutenants
By Bryan Mitchell
[email protected] ytimes.com
College grads who join the active-duty Corps or the Reserve after Oct. 1 will be eligible for big­ger, broader recruiting bonuses, officials announced in September.
Active-duty second lieutenants entering the service during fiscal 2009 can receive a $4,000 pay­ ment, while new lieutenants who join the Selected Marine Corps Reserve can now participate in a college-loan payback program worth up to $30,000.
Both offers are part of the Corpsí continued effort to grow the force to 202,000 active-duty Marines by the end of fiscal 2011, a figure offi­cials are on pace to reach at least two years and possibly three years ahead of schedule. Marine Corps Recruiting Command has in­creased its budget for signing bonuses from $10 million to $82 million since 2004.
The Corpsí new plan offers more options than the Army is currently providing. Recent college grads joining the Army are eligible only for a loan repayment plan.
Many Army captains have the option of attending graduate school on Uncle Samís dime ó in­stead of taking a retention bonus that runs up to $35,000 ó but loan-repayment options are not as popular, as most lieutenants are commissioned through funded un­dergraduate programs. Moreover, West Point cadets and Reserve Of­ficer Training Corps students can sign up for a program that lets them attend grad school for free after they complete developmen­tal assignments.
To receive the $4,000 sign-on bonus, Marines must complete Of­ficer Candidate School between Oct. 1, 2008, and Sept. 30, 2009, according to Marine administra­tive message 518/08. New officers who take the bonus must tack on an additional six months to their initial service obligation.
For Reserve officers with college loans, the Corps will repay 15 per­cent or $500 ó whichever is greater ó for each year of com­pleted service, according to MarAdmin 517/08. That equates to a maximum annual payment of $4,500.
The active-duty loan repayment plan differs from the Reserve offer. It pays the service member a maximum of $30,000 in three an­nual installments, but it has no annual cap.
That means a lieutenant who owes $90,000 could be repaid $30,000 in the first year of service, while another who owes $30,000 would receive $10,000 per year for three years. ň
A Marine second lieutenant communicates with his troops during a patrol in Ramadi. The Corps is offering bigger bonuses to lure new officers.
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Old 10-12-2008, 04:44 PM   #2
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Old 10-12-2008, 05:18 PM   #3
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wasn't there too many officers in the AF at one time recently???
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Old 10-12-2008, 08:50 PM   #4
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Old 10-12-2008, 09:22 PM   #5
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And I think the Navy had to get rid of some of their peeps as well...Blue to Green they called it. I remember vaguely reading about when I was in Iraq in the Stars & Stripes paper.
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R.I.P. my Bros from the 1st MAR DIV, 3rd MAR DIV, 25th I.D., 10th MTN DIV, V Corps, 170th IBCT who gave their lives in the Cold War, Marines we lost in Korea during Team Spirit '89 & Okinawa '89- bodies never recovered, Panama, 1st Gulf War, Somalia, Afghanistan, Iraq...



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