Armed Forces Enlisted Personnel Bonus Revision Act of 1974

[AI summary unavailable — showing source text] Armed Forces Enlisted Personnel Bonus Revision Act - Provides that a member of a uniformed service who: (1) has completed at least twenty-one months of continuous active duty (other than for training) but not more than ten years of active duty; (2) is designated as having a critical military skill; (3) is not receiving special pay; and (4) reenlists or voluntarily extends his enlistment in a regular component of the service concerned for a period of at least three years; may be paid a bonus, not to exceed six months of the basic pay to which he was entitled at the time of his discharge or release, multiplied by the number of years, or the monthly fractions thereof, of additional obligated services, not to exceed six years, or $15,000, whichever is the lesser amount. Provides that, a person who enlists in an armed force for a period of at least three years in a skill designated as critical, or who extends his initial period of active duty to a total of at least three years in a skill designated as critical, may be paid a bonus in an amount prescribed by the appropriate Secretary, but not more than $3,000. (Amends 37 U.S.C. 308)…