Whilst better than a kick in the teeth, it’s still not as generous as the MSBS bonus (the absence of which is only starting to bite). $50k taxed for 3 years; interesting how much difference it makes.No doubt it will work the same as for all the Navy bonuses over the last 15 odd years.
I'm open ended enlistment, have been since 2009 as a condition of accepting the promotion at the time to Leading Seaman. If you look at my PMKeyS I have an engagement end date (day before my 60 birthday) and a compulsory retirement date (day of my 60 birthday). I also have an Obligation end date which is a date in 2027. This is because the bonuses I have taken means I can't get out before that date. If I didn't take these bonuses then I would be free to submit my discharge papers whenever. Now I can't submit them until, at the earliest, 1 year before the obligation end date.
With the Navy bonuses those eligible (depending on certain criteria) are advised individually that they are eligible and given a window of time to accept. If they accept the obligation end date is added to their PMKeyS. If they voluntarily choose to discharge before this obligation end date then they must pay back, pro-rata, the before tax outstanding time amount. Which is one of the incentives not to discharge before obligation end as you will lose out due to the tax you paid on the original bonus amount.