Thursday, 11 October 2007 21:45
The Pentagon has paid more than 100 million in bonuses
to veteran Green Berets and Navy SEALS in attempts to keep them in the military
and out of the corporate world.
The retention effort is overseen by the U.S.
Special Operations Command. More than 1,200 of the military’s most specialized
soldiers near or eligible for retirement have opted for payments of up to
$150,000 in return for staying in the service. The incentives not only keep
experienced veterans in the military but also demonstrate that there’s a
financial reason to have an extended career. Recently, the stress of repeated
deployments overseas and financial opportunities outside the military have
heightened the urgency of the military’s retention efforts. The Pentagon
expects to spend another $43.5 million on bonuses in fiscal year 2008, which
started on October 1.