Word: bonus
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...Mayo, Fla., signed a five-year agreement with Quality Holstein for 70 dairy cows. The herd cost him an initial cash outlay of only $6,000 rather than the $100,000 purchase price. McCray now expects to make $4 per day on each cow and receives as a bonus any offspring born during the lease. He also expects to exercise an option that would permit him to buy the cows at a discount when the contract expires in 1985. As long as credit money to farmers remains tight, Quality Holstein Leasing is likely to be rolling in clover...
...sailors for the hardship of lengthy family separations, the monthly sea pay supplement of $25 to $55 would be boosted 15%. Among its other features, the bill would increase the 100-a-mile travel allowance payments to 18.50 for personnel transferred to new posts, and the basic $15,000 bonus ceiling for re-enlisting for three years would be hiked to $20,000. The Nunn-Warner bill is given an excellent chance of being passed by Congress, which all too often in the past has preferred to spend money on flashy weaponry ?with the constituent-pleasing defense contracts that...
...Pentagon is already paying big bonuses to try to attract and keep the men and women it needs. The Army gives a $3,000 bonus to recruits signing up for infantry or armor; the Navy pays $2,000 extra to those willing to learn nuclear skills or how to be boiler technicians; the Marines offer $2,500 for enlisting in the combat branches. Only the Air Force does not pay such premiums...
...Pentagon's most ambitious incentive program aims at encouraging re-enlistment of those whose skills are in high demand in the civilian economy. The size of each bonus is determined by a complex formula involving the person's base pay, the length of the re-enlistment and the scarcity of the skill. Bonuses can be collected only twice during a career and may not exceed $12,000, except for enlisted men in the Navy's nuclear service...
Marine Staff Sergeant Michael Robinson, 26, works as a career planner at El Toro Marine Base near Santa Ana, Calif., charged with persuading first-term Marines to reenlist. Now, ironically, Robinson himself is leaving the service after eight years, passing up a $10,000 re-enlistment bonus, to manage apartment houses. Says Robinson: "I like the corps but I can't get by with the low pay and the diminishing benefits...