Originally Posted by
injun21
You can set the new hire bonus up so it’s paid monthly to you so you don’t need to pay any of it back if you leave within the first 24 months AFTER finishing IOE. You earn it each of the 24 months after IOE.
Is this true? When I went through last summer you got 26k after OE and 10k after 1 year with the following rules:
1. Leave before a year and pay it all back (26k).
2. Leave after a full year and your repayment is reduced by 3k per month until you owe nothing at the end of your 2nd year (36k total over 12 months).
There was an option to defer the bonus for a year but that didn’t change the repayment terms at all.
Maybe things changed but there is a lot of inconsistency in this forum on this topic and I would hate for someone to come here only to find the terms are not acceptable for whatever reason.