AUTHORIZATION OF MONTHLY BONUS PAY FOR A JUNIOR MEMBER OF THE UNIFORMED SERVICES DURING CALENDAR YEAR 2024.

SEC. 614. [37 U.S.C. 301 note] AUTHORIZATION OF MONTHLY BONUS PAY FOR A JUNIOR MEMBER OF THE UNIFORMED SERVICES DURING CALENDAR YEAR 2024. (a) Authorization.—Beginning on January 1, 2024, if the Secretary concerned determines that prevailing economic conditions may adversely affect an eligible member, the Secretary concerned may pay a monthly bonus to each eligible member. (b) Amount of Pay.—Each bonus payment under this section shall be in an amount equal to a percentage, determined by the Secretary concerned, of the rate— (1) in effect on December 31, 2023; and (2) of, for an eligible member— (A) pay under section 204 of title 37, United States Code; or (B) compensation under section 206 of title 37, United States Code. (c) Relationship to Other Pay and Allowances.—Bonus pay paid to an eligible member under this section is in addition to any other pay and allowances to which the eligible member is entitled. (d) Termination.—No bonus may be paid under this section after December 31, 2024. (e) Eligible Member Defined.—In this section, the term “eligible member” means a member of the uniformed services who— (1) is entitled to pay or compensation described in subsection (b)(2); and (2) is in a grade below E-6.