Effect of CP Payment on Military Retired Pay. The existing CP rates remain in effect for such Marines as described in reference (d).Ĩ. The new CP rates described herein do not apply to Marines who reached 12 years and zero days of service before calendar year 2023. Payment and receipt of CP does not disqualify a Marine from receipt of other pays or allowances.ħ. CP is in addition to any other pays or allowances to which the Marine is entitled. Relationship to Other Pays and Allowances. CP pay rate doubles from 0.5 to 1.0 times the monthly basic pay, based on active duty basic pay, at the over 12 years basic pay rate.Ħ. The CP pay rate doubles from 2.5 to 5.0 times the monthly basic pay at the over 12 years basic pay rate.ĥ.B. Active Component and Active Reserve (AR) Marines. The new CP rates apply to both officers and enlisted Marines regardless of primary military occupational specialty.ĥ.A. This obligation will run concurrent with any existing service obligation. Effective 1 January 2023, the new CP rates described herein will go into effect for BRS participants who complete 12 years and zero days of service, calculated by their pay entry base date, during calendar year 2023, and commit to serve an additional four years’ service obligation. Retaining our experienced and highly skilled Marines at their mid-career point is important to sustain our force end-strength in the active and reserve components.Ĥ. CP is offered during the midpoint of a Marine’s career to ensure retention of Marines for force management purposes.ģ. Per the references, CP is a cash incentive for BRS participants. To announce the new increased pay rate for Continuation Pay (CP) offered to Blended Retirement System (BRS) participants who complete 12 years of service (YOS) during calendar year 2023 and commit to serve four additional years.Ģ. POC1/ALAN HARGIS/CIV/MPO/TEL: 70/EMAIL: ERVINE/MAJ/MPO/TEL: 70/EMAIL: Purpose. REF E IS MARADMIN 210/17 WHICH DISCONTINUED CAREER STATUS BONUS AND REDUX RETIREMENT PLAN. REF D IS MARADMIN 691/21 WHICH ANNOUNCED THE CALENDAR YEAR 2022 CONTINUATION PAY PROGRAM. REF C IS MCBUL 1800, THE MARINE CORPS BRS POLICY. REF B IS ASSISTANT SECRETARY OF THE NAVY (MANPOWER AND RESERVE AFFAIRS) MEMORANDUM, IMPLEMENTATION OF THE BLENDED RETIREMENT SYSTEM. SUBJ/CALENDAR YEAR 2023 CONTINUATION PAY PROGRAM FOR BLENDED RETIREMENT SYSTEM PARTICIPANTS//ĪMPN/REF A IS TITLE 37 U.S. MSGID/GENADMIN/CMC WASHINGTON DC MRA MP//
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