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Digitized from Box 28 of the White House Press Releases at the Gerald R. Ford Presidential Library
JULY 12, 1976
Office of the White House Press Secretary
NOTICE TO THE PRESS
The President has signed H.R. 10451 -- Nuclear Career Incentive Act of 1975.
This bill provides authority for a variety of bonus payments to nuclear-
qualified naval officers to attract and retain sufficient numbers of high quality
personnel to supervise and operate the Navy's nuclear fleet. H.R. 10451 will
renew the expired bonus authorities from June 30, 1975, to September 30,
1981, and will increase from $15,000 to $20,000 the total amount of bonus
payments which may be made.
The bill will also provide authority to pay accession bonuses of not more
than $3,000 to naval officers with less than five years of commissioned
service who, before September 30, 1981, have successfully completed
training for duty in connection with the supervision, operation, and main-
tenance of naval nuclear propulsion plants.
In addition, H.R. 10451 will permit an officer serving under a current bonus
agreement to exchange such agreement for one of the new agreements provided
under the bill.
The bill will be effective on the first day of the first month after enactment,
except for the new, annual bonus authorities which are retroactive to October
1, 1975, and expire September 30, 1981.
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#
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"ocrText": "Digitized from Box 28 of the White House Press Releases at the Gerald R. Ford Presidential Library\nJULY 12, 1976\nOffice of the White House Press Secretary\nNOTICE TO THE PRESS\nThe President has signed H.R. 10451 -- Nuclear Career Incentive Act of 1975.\nThis bill provides authority for a variety of bonus payments to nuclear-\nqualified naval officers to attract and retain sufficient numbers of high quality\npersonnel to supervise and operate the Navy's nuclear fleet. H.R. 10451 will\nrenew the expired bonus authorities from June 30, 1975, to September 30,\n1981, and will increase from $15,000 to $20,000 the total amount of bonus\npayments which may be made.\nThe bill will also provide authority to pay accession bonuses of not more\nthan $3,000 to naval officers with less than five years of commissioned\nservice who, before September 30, 1981, have successfully completed\ntraining for duty in connection with the supervision, operation, and main-\ntenance of naval nuclear propulsion plants.\nIn addition, H.R. 10451 will permit an officer serving under a current bonus\nagreement to exchange such agreement for one of the new agreements provided\nunder the bill.\nThe bill will be effective on the first day of the first month after enactment,\nexcept for the new, annual bonus authorities which are retroactive to October\n1, 1975, and expire September 30, 1981.\n#\n#\n#"
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