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Optometry Retention Pay for Commissioned Corps Officers

on February 2nd, 2005 | Filed under Optoblog

Starting 10/1/2004 IHS optometrists can receive retention pay (ORSP) in return for a termed agreement. The amount one receives per year varies according to length of agreement: 1year=$6K/year, 2 years=$7K/year, and 3 years=$8K/year. In order to sign a 2- or 3-year agreement, one must already have 3 years of active duty. An optometry retention pay contract must be filled out, signed, and notarized by the CC optometrist, and their supervisor and service unit director must sign before submitting. ORSP is disbursed in your regular paycheck and can be applied to TSP if desired. Unfortunately, at present one cannot receive ORSP and loan repayment (LRP) at the same time. It is recommended that you sign up for both, and should you received LRP, then you must return a pro-rated amount of your ORSP money to the government.

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