Quick Links
Digg
news/2007/10/army_incentives_071023w
Thousands of captains take cash incentive
Posted : Friday Oct 26, 2007 6:58:57 EDT
More than 7,500 active-duty captains have taken advantage of a new Army incentive program designed to keep more young officers in uniform, according to Human Resources Command.
To date, HRC has paid more than $200 million to these captains and processed more than 7,500 contracts. On average, 150 applications arrive at HRC each day.
Rolled out Sept. 13, the incentives include up to $35,000 in cash, assignment options, graduate school assistance and other education opportunities.
More than 18,000 captains are eligible for these bonuses. Of the 7,500 who responded, 95 percent have chosen the cash option, HRC said. Depending on the branch into which the officer was initially accessed, he or she can qualify for $25,000, $30,000 or $35,000 in exchange for three more years of service.
If a contract is submitted without errors, the cash option typically is approved within 48 hours, and payments are received in an average of seven days, according to HRC. Some officers were paid within 96 hours.
Other incentives depend on factors such as the orders process and duty station availability.
The program is available to captains with dates of rank of April 1, 2002, through Nov. 1, 2007, who entered active duty in the following basic branches: air defense, adjutant general, armor, aviation, chemical, engineer, field artillery, finance, infantry, military police, ordnance, quartermaster, signal and transportation.
Plans are in place to open the program to captains in other year groups later this fiscal year, Army leaders have said.
The incentives also are available to officers in the nurse corps and select categories of the medical service corps who were promoted April 2, 2002, through Nov. 1, 2007. Promotable first lieutenants of the Army Competitive Category who are members of year group 2004 also become eligible when promoted to captain.
The incentives are not available to Reserve officers, warrant officers, members of the special branches or captains who have been primary-zone candidates for promotion to major.
Also ineligible are officers enrolled in college under the Expanded Graduate School Program.
Digg
Contests and Promotions
Military Times Gear Shop
Shop now...for the Under Armour ColdGear Tactical Quarter Zip Shirt. Available in Black, Desert Tan, Marine Olive Drab (MOD) or UA Digital.
Win A 2009 Volvo S40 T5
Enter To Win...the Grand Prize: A 2009 Volvo S40 T5. Five First Prizes: $150 Exxon Mobil Cash Cards. Click here to learn more about the Volvo S40 T5 and enter.
Service Members Of The Year
Nominate your heroNominations have begun for the 2009 Service Members of the Year awards. Tell us about your unsung hero today.
Special Feature
CFC Info CenterFind everything you need to know about contributing to the Combined Federal Campaign.
Marketplace
Mil-Mall
Baby's First Christmas• 2 inch x 1 1/8 inch (50mm x
29mm) Bar
• 1 oz .999 Silver Proof
Click here for more gifts for Military Brats.
Military Discounts
Save on your purchases!
In honor of your military service, you can find regular and name brand products at a special discount.






