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MGIB Booster

MGIB Booster Program


Details of the MGIB Increased Benefit Program (Booster) can be found in NAVADMIN 103/01 . You must enroll through your personnel office.

Eligibility Requirements

  • Entered on active duty after 30 June 1985.
  • Enrolled in MGIB at initial entry onto active duty by signing a DD Form 2366 (Montgomery GI Bill Act of 1984).
  • Members who have the Navy College Fund are also eligible to contribute to the Booster Program.

You are not eligible if

  • You are enrolled in MGIB because of VEAP or Vietnam-era conversion.
  • You are enrolled in MGIB after a qualifying involuntary separation.
  • You are enrolled in MGIB during the MGIB open period from 1 December 1988 - 30 June 1989.

 
You may contribute up to $600 to receive an increased MGIB monthly benefit equal to one dollar for each four dollars contributed.  For example, if you contribute the maximum of $600, you will receive an additional $150 per month on top of your basic MGIB monthly benefit (for full-time enrollment off active duty). This would equal an additional $5,400 if you use your MGIB over the maximum of 36 months.  If you contribute $200, your monthly increased benefit is $50 per month (an additional $1,800 over 36 months).
You must contribute while on active duty. 

***IMPORTANT*** The MGIB Booster WILL NOT convert over to the Post-9/11 GI Bill.  Any contributions made are non-refundable.

Visit your personnel office to check eligibility and enroll. You must make the additional contributions while on active duty. Enrollment procedures are in NAVADMIN 103/01. Officer personnel who do not have field service records should ask the personnel office to contact PERS-314 at 1-866-U-ASK-NPC.

 
NAVY PERSONNEL COMMAND: 5720 Integrity Drive, Millington TN 38055-0000
 
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Last Modified: 3/24/2015 9:51 AM
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