Lieutenants Stand to Earn $72,000 with New Navy Bonus System

The U.S. Navy is offering significant retention bonuses to explosive ordnance disposal (EOD) officers in an effort to keep them in service. The new bonus system provides various incentives based on the length of service extension. This move signifies a shift from traditional incentives previously provided to EOD officers.
  

Key Points: 

1. The Navy’s new policy provides bonuses in two-year increments, with increased bonuses for those committing to four more years.
2. Lieutenants can earn up to $72,000 for a four-year contract or $50,000 over four years with two two-year contracts, while lieutenant commanders can secure up to $100,000 for a four-year commitment.
3. Bonuses will be distributed as an initial sum upon agreement acceptance, followed by annual anniversary payments.
4. Eligibility criteria include specific years of service (six or eight for lieutenants and ten for lieutenant commanders) and medical and physical qualifications for sea duty.
5. Previously, the Navy offered lesser amounts for lieutenants and lieutenant commanders, indicating a shift in the approach to retaining EOD officers.

Source: https://www.navytimes.com/news/your-navy/2023/10/16/navy-offering-up-to-100k-in-eod-officer-retention-bonuses/