Throwback Thursday Classic Guest Post – The Fellowship-Retention Bonus “Loophole” Still Exists; Are You Eligible?
By Dustin Schuett, DO
Note: The views expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Department of the Navy, Department of Defense or the United States Government.
The 2018 Navy Graduate Medical Education Selection Board results were released 12 DEC 2018. For a select few Navy physicians pursuing fellowship, the opportunity exists to take a Retention Bonus (RB, formerly Multi-year Specialty Pay) and pay back their fellowship obligation and the RB obligation concurrently without extending their Navy commitment.
To be eligible, the physician must meet all of the following requirements:
- Be at 8 years or more of active duty time in the Medical Corps.
- Have completed all pre-commissioning obligation time:
- All initially obligated HPSP/USUHS/HSCP time AND any ROTC or USNA obligated time
- This does not include residency obligation time
Essentially, if you went to medical school on a 4 year HPSP scholarship, have completed or will have completed 4 or more years of combined GMO and post-residency payback time BEFORE starting fellowship and have 8 total years active duty Medical Corps time, you’re likely eligible.
Here is my personal example:
4 year HPSP > 1 year internship > 2 years as a GMO > 5 years of residency > 2 years post-residency staff time (4 total including GMO time) = 4 years of total payback completing HPSP obligation, 10 years in Medical Corps
As an orthopaedic surgeon, our annual Incentive Pay (IP) is $59,000. I was able to take a 3 year RB which increases my IP to $73,000 annually plus an additional $33,000 lump sum paid annually for a total of $106,000/year, a $47,000 increase per year without increasing my obligation time.
If you have questions about special pay, please follow the current BUMED guidance:
Members should contact their command administration office/special pays coordinator with any questions they have. The command administration office/special pay coordinators will contact BUMED Special Pays should they have questions that cannot be answered or require clarification of the FY20 Pay Guidance.
For more information, see the Medical Corps Special Pay Guidance that can be found on the BUMED Special Pays website.