MCBUL 7220. Change 2 to Multiples for the Fiscal Year 2004 (FY04) Selective Reenlistment Bonus (SRB) Program
This MARADMIN announces Change 2 to the Fiscal Year 2004 Selective Reenlistment Bonus (SRB) program, extending the program deadline from 30 April 2004 to 1 July 2004. Marines must submit reenlistment requests by 22 June 2004 and execute reenlistment by 30 June 2004 to qualify for SRB payments under the FY04 program.
Issued: April 15, 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. REF B ANNOUNCED AN EXTENSION OF THE SRB PROGRAM THROUGH 30 APR 2004. TO DATE, WE HAVE EXECUTED $40.2 MILLION (76 PERCENT) OF PLANNED FY04 SRB BUDGET. THESE FUNDS HAVE BEEN INSTRUMENTAL IN SUPPORTING THE REENLISTMENTS OF 3,647 MARINES. 3. ACTION A. COMMANDERS AND CAREER RETENTION SPECIALISTS WILL INFORM THEIR MARINES THAT THE SRB PROGRAM HAS BEEN EXTENDED FROM 30 APR 2004 TO 1 JUL 2004. B. MARINES MUST SUBMIT A RELM TO CMC (MMEA-6) BY COB ON 22 JUN 2004 TO ENABLE CMC (MMEA-6) TO TURN AROUND THE REENLISTMENT REQUEST AND GRANT APPROVAL ON OR BEFORE 30 JUN 2004. C. IN ORDER TO QUALIFY FOR AN SRB PAYMENT, A QUALIFIED MARINE MUST EXECUTE REENLISTMENT ON OR BEFORE 30 JUN 2004 (THUS HAVING AN EFFECTIVE REENLISTMENT DATE OF 1 JUL 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 JUL 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 JUL 2004.