Navy Seeks To Retain Senior Submarine Officers with New Bonus Program
By: Ben Werner
September 11, 2018 8:21 PM
The Los Angeles-class fast-attack submarine USS Olympia (SSN-717) on March 16, 2018. US Navy Photo
The Navy will begin offering large bonuses to senior captains in the submarine community – worth up to $180,000 in some cases – in Fiscal Year 2019 to boost retention.
Starting Oct. 1, the Navy will offer bonuses of $45,000 per year for senior submarine officers who sign two to four-year contracts. Signing a single-year contract will qualify for a bonus of $35,000, according to a policy released by Chief of Naval Personnel Vice Adm. Robert Burke.
The bonuses are being offered to current and former major command captains who have been commissioned officers for at least 26 years, Lt. Rick Moore, a spokesman for the Chief of Naval Personnel, told USNI News. A major command could include leading a squadron, task force or Naval Submarine School.
https://news.usni.org/2018/09/11/36404
