A bill to provide an incentive plan for participation in the Ready Reserve.

Provides special pay for participation in the Ready Reserve by enlisted members of a Reserve component of an armed force who: (1) have completed a total of at least two years of active duty, or a total of at least six years of service, in one or more of the armed service; and (2) have been accepted to enlist, reenlist, or extend their enlistments in a Reserve component, in a pay grade above E-2, for a period of at least three years.

Entitles such individuals to special pay at the rate of $300 for a six-year enlistment, reenlistment, or extenstion of enlistment and $450 upon completion of each year of such six-year period.