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21 | 20080823034429 | https://web.archive.org/web/20080823034429/http://www.defence.gov.au/army/stayarmy/docs/AERR_Design-.ppt | 2008-08-23 | 2008-08-23 | 404 | 04 05 06 07 08 09 10 11 12 2yrs worn Rank – $10K 2yrs worn Rank – $10k 4yrs worn Rank – $30K 4yrs worn Rank – $30K Entitled mbrs: 2007 Bonus - Those CPL/SGT promoted on or before 01 Mar 05 2008 Bonus – Those CPL/SGT promoted on or before 01 Mar 06 Mbrs not entitled: Those CPL/SGT promoted on or after 02 Mar 06 CPL and SGT Entitled to AERR 04 05 06 07 08 09 10 11 12 3yrs worn Rank – $10k 3yrs worn Rank – $10k 4yrs worn Rank – $30k 4yrs worn Rank – $30k Entitled mbrs: 2007 Bonus - Those CAPT/MAJ promoted on or before 01 Mar 04 (irrespective of Cohort) 2008 Bonus – Those CAPT/MAJ promoted on or before 01 Mar 05 (irrespective of Cohort) Mbrs not entitled: Those CAPT/MAJ promoted on or after 02 Mar 05 (irrespective of Cohort) CAPT and MAJ Entitled to AERR Entitled mbrs: - Mbr undertaking 2 years ROSO at entitled date can receive entire package, completes 12 months plus additional 3 years once ROSO completed. - Mbr completes initial 12 months, has 2 years ROSO imposed will be entitled to $20k. - Mbr completes initial 12 months, undertakes a further year then has 2 years ROSO imposed will be entitled to $20k. Note: Service must be complete by 30 Jun 12 to receive entire $20k. Impact for Mbrs on ROSO in 2007 10 3yrs worn Rank – $10k 4yrs worn Rank – $30k 4yrs worn Rank – $30k 06 07 08 09 11 12 Entitled mbrs: - Mbr undertaking 2 years ROSO at entitled date can receive entire package, completes 12 months plus additional 3 years once ROSO completed. - Mbr completes initial 12 months, has 2 years ROSO imposed will be entitled to $10k. - Mbr completes initial 12 months, undertakes a further year then has 2 years ROSO imposed will be entitled to $10k. Note: Service must be complete by 30 Jun 12 to receive entire $10k. Impact for Mbrs on ROSO in 2008 10 3yrs worn Rank – $10k 4yrs worn Rank – $30k 06 07 08 09 11 12 AERR MSBS OPTION 1 MSBS taken 06 06 12 07 08 09 10 11 Serves 12 mths AERR Obligation AERR 01 Mar 07 take up $10k offer A member who is currently serving a 5 year MSBS UFFS is entitled to accept the $10k Retention bonus. On completion of their 5 year MSBS UFFS they will be required to complete all, or any unserved part of their 12mths AERR obligation. Members with a current 5 year MSBS UFFS obligation are not entitled to receive the $30k for the 3 year AERR completion element. AERR MSBS OPTION 2 AERR 01 Mar Take up $10k offer 06 12 07 08 09 10 11 Serves 12 mths AERR Obligation Elect MSBS or see out AERR A member who accepts the $10k AERR bonus and becomes eligible to receive the MSBS retention benefit during the four year period of AERRC may: 1.Opt to serve out the three year completion period and receive $30k; or 2.Opt to take MSBS Retention benefit instead of the $30k AERRC completion element. Note: The MSBS UFFS must be completed prior to the AERR ROSO. On completion of their 5 year MSBS UFFS they will be required to complete all, or any unserved part of their 12 mths AERR obligation. Helpful Hints • Contact a Financial Advisor if you are unsure of which bonus would suit your current situation. • Contact a Financial Advisor if you have any financial issues that may impact on you or your family when accepting an offer. • If you elect to discharge for personnel reasons, pro-rata payments back to government will be at the pre-tax rate. | application/vnd.ms-powerpoint | 200 | http://www.defence.gov.au/army/stayarmy/docs/AERR_Design-.ppt | au,gov,defence)/army/stayarmy/docs/aerr_design-.ppt | 2JJVJNRSUPZTNERVNAFOCF7T7TX5TUS7 | 20215 | domains/defence-gov-au/powerpoints/original/au-gov-defence-army-stayarmy-docs-aerr-design-ppt-20080823034429.ppt |