Reenlistment bonus. — Alaska Code § 26.05.265

§ 26.05.265. Reenlistment bonus.

 (a) Subject to legislative appropriation and (c) of this section, an enlisted member of the Alaska National Guard or the Alaska Naval Militia who extends or reenlists within 30 days after completing a term of service is entitled to a bonus if        (1) the extension or reenlistment is for the maximum authorized term;

 (2) at the time of the extension or reenlistment the member has not less than three years of service creditable for retirement purposes; and

 (3) on completion of the term for which the member extends or reenlists, the member will have not more than 12 years of service creditable for retirement purposes.

 (b) The bonus is $500 for each year of extension or reenlistment, but may not exceed a total of $3,000 for a member's entire service. The bonus is payable at the satisfactory completion of each year of extension or reenlistment. A pro rata share of the bonus shall be paid to an enlisted member of the Alaska National Guard or Alaska Naval Militia for that portion of a year satisfactorily served before        (1) becoming ineligible because of full-time employment with the National Guard or the Department of Military and Veterans' Affairs, as described in (c) of this section;

 (2) dying or being disabled, if the member's death or disability was not caused by the member's own misconduct; or

 (3) being discharged from enlisted status to accept a warrant or commission as an officer in the National Guard.

 (c) An enlisted member of the Alaska National Guard or Alaska Naval Militia is not eligible for the reenlistment bonus provided in (a) of this section if the enlisted member is a full-time employee of the        (1) National Guard as a technician under 32 U.S.C. 709;

 (2) National Guard as an active guard reserve employee under 32 U.S.C. 502(f); or

 (3) Department of Military and Veterans' Affairs whose salary is paid by the state and if the department requires that the employee belong to the Alaska National Guard or the Alaska Naval Militia in order to hold the position.