When and how do military enlistment bonuses get paid out?

Question

I'm thinking of joinging a branch of the military and I was wondering how they pay out those enlistment bonuses. Lump sum? Payouts of the course of your enlistment? When? How?

Answer 1

In the Air Force it is a one time lump sum for half the bonus then anually for the rest. How ever long you sign up for.

Answer 2

Military Enlistment Bonus

Answer 3

The first enlistment is usually half and then the rest paid out like everyone said. Reenlistments and changing of job bonus are different. Many reenlistments are paid in a lump sum and change of job bonuses are sometimes paid after completing the school for the new job. Make sure you know exactly what bonuses you are getting and when you are getting them in writing before you leave for boot camp!!

Answer 4

RE:
When and how do military enlistment bonuses get paid out?
I'm thinking of joinging a branch of the military and I was wondering how they pay out those enlistment bonuses. Lump sum? Payouts of the course of your enlistment? When? How?

Answer 5

if you have an enlistment bonus in your contract, you will receive it upon finishing bootcamp, A school or so on...keep in mind that NOT EVERYONE WHO ENLISTS is entititled to a bonus...some who are in specialized programs like Nuke in the Navy or submarines are more than likely to get the big bonuses...i was a hospital corpsman with college experience and i wasnt offered a bonus

my husband received a $40,000 enlistment bonus when he signed up for his second enlistment of 4 years..he first got paid $20,000 up from..then $5000 a year until it equaled $40,000...he switched branches 2 years ago and got a $7000 bonus, he received that as a lump sum within a month of signing...

now he is up for another bonus of nearly $30,000...he signs the contract in December...by february he will receive about $9000 then $3000 every year after that...the bonuses usually get paid out on the anniversary of the original bonus...

dont forget, you could get a $40,000 bonus, but they do take taxes out so you will not receive the full $40,000....my husbands chief mentioned something about putting his $30,000 into a program and they will not take those taxes because you are investing it...

each branch and or contract is different...if you dont have the bonus in WRITING, then dont count on getting one...also, if you do not finish the schooling or contract time stated in your contract, you will not receive the further bonus checks and you may have to pay back what they already gave you...just be cautious to all these things because i have seen people get royally screwed by bonuses when they were promised to them but they didnt have them in writing or they didnt finish what was stated on the contract...good luck

Answer 6

First thing is to decide which branch you'd like to join. Check all of them out online. Each branch has 'criteria' that must be met and there are several 'skill levels' that will establish what any enlistment bonus is.
Do you have a college education? How was high school? Good grades, etc.?
Any special skills or trade?
Example: Our son was offered over 40K to sign up with the Air Force, Missile Defense Systems. (He had researched for 2 years 'which' branch.) This was based on his test scores. He declined, taking 20K to sign up with the Army. (He wanted to be Infantry...boots on the ground....and has qualified for Special Forces.)
BEFORE you sign anything, make sure you have a recruiter who's not interested in 'quotas'. You CAN and WILL get everything you're looking for, if all criteria is met. But make sure everything is in 'black and white' on that contract BEFORE signing.
Oh, he'll get his enlistment bonus in June. He's opted to have it direct deposited.
His bonus was slightly more than the above figure because he signed on for 6 years.
Hope this helps and thank you for thinking of serving our Country.

Answer 7

Enlistment bonuses are usually paid once initial training is complete (basic training and job training), upon arrival at the first duty station. Some of the services pay the entire bonus in one lump sum, while other services pay a portion of the enlistment bonus upon arrival at the first duty station, and the remainder of the bonus in periodic payments.

If a recruit fails to complete their entire contracted enlistment period in the job they agreed to, in most cases, they must return any "unearned" portion of the bonus.

For example, if a recruit enlists in a specific job for four years with an enlistment bonus of $8,000, and becomes medically unqualified for the job after two years, he/she would have to return 1/2 of the bonus amount.

Answer 8

theres a cutoff. if it's below the threshold( I want to say $20,000) it's paid out in one lump sum, after taxes(27% worth) after you have completed all training and have reported to your first duty station.

If it is above the threshold, half after training,and the other half paid out on yearly installments over the term of your first enlistment.

Re enlistemnt bonuses are paid in much the same way, although if you re-up in a combat zone, the bonus become tax free.

Answer 9

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They are vultures. If they screw up your pay they will take their sweet time fixing it. However, if you screw up they have no qualms over taking it with the quickness. They will basically set up a claim with FISC, which is the financial organization of the Navy and you will have to pay it back at a set rate, like a no-interest loan. I don't know how it'll affect your student loans, except you will have to pay this back also. Just remember the run is just 12 minutes of hell so that you have 6 more months in the military, it is possible to pass.

Answer 10

you can make arrangements to pay it back in increments, otherwise they take it all at once. as long as you get an HONORABLE discharge you can keep the GI Bill. if they give a GUH you can lose it. and yes they can demand you pay back any funds they put towards yoru student loan paymnet if that was part of yoru enlistment contract.