2022 AFBA Financial Planning Guide

Servicemembers that meet the requirements for more than one type of hazardous duty pay during the same period are entitled to receive a maximum of two types of hazardous duty pay. This presumes that the individual in question was assigned to a unit whose mission involves the performance of both types of hazardous duties. Hostile Fire and Imminent Danger Pay. A $225 monthly payment is authorized to members who perform duties within areas designated as imminent danger zones. Involuntary Separation Pay. This is a special lump– sum payment authorized for certain members who are involuntarily separated from the service (for reasons other than misconduct) after having served at least six years but less than 20 years on active duty. Medical Pay. Military personnel who are serving in various medical specialities are entitled to receive a variety of special pays. Health Professions Special & Incentive (HPS&I) pay is paid to Health Profession Officers (HPOs) for the specialty for which they are fully qualified. Being an HPO doesn’t necessarily mean being a medical doctor. Pharmacists, dentists, social workers, veterinarians, mental health specialists and nurses also qualify to name just a few. The following is a basic summary of HPS&I Pay: a. Accession Bonus (AB). This is paid to HPOs who agree to serve at least 3 or 4 years in the military. The amount varies by medical specialty and length of service agreement. There is also a Critical Wartime Skills Accession Bonus that may pay much more money to HPOs with necessary skill sets during wartime. b. Board Certification Pay (BCP). To qualify for BCP, the HPO must maintain all their licenses, credentials, and specialty qualifications. Currently, the annual amount is $6,000, which is prorated and paid monthly. c. Retention Bonus (RB). After the initial period of obligated service ends, HPOs may sign on for an additional length of time and get an Retention Bonus. Once again, the bonus varies by specialty and length of time. The RB is paid annually when the extension is signed and on the anniversary date. Depending on the situation, an HPO can sign a new service agreement while they are under an existing RB contract. They can do this to get more money, but they have to serve the additional time. This depends on the needs of the military. d. Incentive Pay (IP). IP is paid to HPOs in designated specialties. It is a monthly pay, and paid to HPOs

proficiency in specific foreign languages and dialects designated by the military departments. Hardship Duty Pay–Location (HDP–L). These payments are for officers and enlisted personnel for service in locations where living conditions are substantially below those in the continental United States. Payments range from $50 to $150 depending upon the duty location. Hazardous Duty Incentive Pay (Non-Aircrew Members). A $150 monthly payment is authorized for members required to perform certain hazardous duties. Qualifying duties include demolition work, parachute jumping, work with toxic fuels or pesticides, work inside pressure chambers, flight duty as a non–crew member, flight deck operations, and similar hazardous duties. Additionally, in the field of parachute jumping, there is a monthly High Altitude Low Opening (HALO) pay of $225 which may be authorized for members who perform unique parachute duties.


Made with FlippingBook. PDF to flipbook with ease