Bonuses

Question 1

What is the maximum career dollar amount for bonuses?

Answer 1

$200,000

Question 2

Lump sum or accelerated Critical Skills Retention Bonus (CSRB) payments of ______ or more installments will not normally be approved

Answer 2

2

Question 3

How is the $30k lump sum CSB taxed?

Answer 3

Federal. If applicable, state tax as well

Question 4

Upon receipt, the CSB portion not placed into the Thrift Savings Plan (TSP) will be subject to
___________________________.

Answer 4

normal withholding rules.

Question 5

CSBs are available to who?

Answer 5

Personnel who entered uniformed service on or after 1 August 1986. The CSB gives personnel the option to receive at the 15-year active duty point a $30,000 lump sum payment and in return agree to remain on active duty for 20 years and become subject to the REDUX retirement plan (Retired Pay multiplier reduced by one percentage point for each year less than 30 year retirement and lifetime reduction in annual Retired Pay COLA increases).

Question 6

What is the form number for the CSB Election form?

Answer 6

CG-2426

Question 7

Members who have changed their rating to an eligible rating are not entitled to receive a CSRB until:

Answer 7

They have reenlisted; or have completed at least two years in the new rating if serving on indefinite reenlistment

Question 8

To be eligible to receive a SELRES prior service enlistment bonus a person must enlist in the Coast Guard Reserve via:

Answer 8

the RQ Accession Program

Question 9

Unearned Bonus

Answer 9

A member enlists for four years and receives a $2,000 payment. If the member is subsequently discharged due to misconduct after serving only two years, the member has earned only two years’ worth of the EB ($1,000); the second two years’ worth of EB ($1,000) is unearned and may be recouped.