Reenlistment Bonus
You could receive a reenlistment bonus of up to $20,000 for a 6 year extension. Extending your enlistment for 2 years could qualify you for a $4,000 extension bonus.
Healthcare
Healthcare costs can be difficult, so let Tricare help! The generous coverage is available to single Soldiers for only $47.82 per month and military families for $217.51 monthly. Find eligibility information and coverage specifics on Tricare's website.
Tricare Dental
TDP is now through United Concordia as of 1 May 2017. For only $11.10 each month, single Soldiers can have access to a premium dental plan. Have a family? Not a problem! Just $83.28 per month will cover your spouse, children and yourself. Find plan specifics in the Tricare Dental website.
Life Insurance (SGLI and SGLV)
Get coverage of up to $400,000 for $29.00 per month for Soldier. Find more information on the SGLI website.
Get coverage up to $100,000 for $13.00 per month for Soldier’s spouse. Find more information on the SGLV website.
Retirement
You’ll have a great nest-egg when you retire after 26 + years of service. Payments will begin when you reach age 60. The average Soldier accrues at least 2,627 points with over 26 + years. Take a look at the example chart below for a preview of what 2,627 points at retirement will yield in your retirement payout.
| |
Per month payment |
Total payout over 20 years |
| E-6 |
$672 |
$161,280 |
| E-7 |
$901 |
$216,240 |
| E-8 |
$1,029 |
$246,960 |
| E-9 |
$1,368 |
$328,320 |
| *Figures assume 1,920 accrued points over 26 + year career |
Survivor Benefit Plan
After you retire and you pass on, your spouse will still continue to receive 55% of your retirement pay until they pass.
Tricare Health Insurance
After you retire, you can have Tricare at an 80/20 option (you pay 20%) which is about a $1,000 value per month saved. You can view plan details online.
There is also retiree information for retirees on the Michigan Department of Military and Veteran Affairs website.
Incentive Links
VA Loans
Space A Travel
PX/Commissary Discounts