ARLINGTON, Va. (AFNS) —
The Space Force released its Fiscal Year 2024 Selective Retention Bonus list, effective July 22.
The FY24 SRB program consists of seven Space Force specialty codes. None were removed from last year.
The SRB program serves as a retention tool, targeting experienced enlisted personnel in critical career fields, particularly those with lower manning or retention rates. Additionally, specialties involving extensive initial skills training and stringent qualification requirements are considered. An update to policy now enables the maximum bonus allowable per zone to be up to $180,000, an increase of $80,000 over previous years, with a career cap set at $360,000.
If a Guardian’s SFSC is included in the FY24 list, they are eligible for an SRB. The bonus may be received either in partial payments or as a lump sum upfront.
Guardians can find further details regarding the fiscal year 2024 SRB program on myFSS in the Space Force Selective Retention Bonus Listing. General eligibility criteria for the SRBs are outlined in the Department of the Air Force Instruction 36-2606, Reenlistment and Extension of Enlistment, specifically, Chapters 4-6. In accordance with the instruction, reenlistments or extensions made prior this announcement, cannot be annulled solely to qualify for the bonus.
Corresponding with the Space Force’s FY24 SRB announcement, the Department of the Air Force also recently announced an update to DAFI 36-2606. The update gives Guardians greater flexibility in determining when they decide to reenlist, provides greater options while reenlisting, and expands SRB eligibility to more Guardians.
Guardians are now allowed to reenlist up to 12 months before their expiration term of service giving them more time to decide to reenlist. The change also opens the pool of those eligible to receive selective retention bonuses while maximizing the amount they receive.
The department also updated its obligated service cap from 72 months to 96 months. The change allows Guardians to maximize the amount received from eligible retention bonuses in addition to allowing Guardians in any SFSC flexibility in their reenlistment contract.
For additional information on the FY24 SRB list, contact a local Military Personnel Flight, Career Development section.
source: www.spaceforce.mil