{"id":28152,"date":"2024-06-20T14:05:53","date_gmt":"2024-06-20T14:05:53","guid":{"rendered":"https:\/\/one.sightlinemg.com\/federaltimes\/uncategorized\/2024\/06\/20\/ask-reg-how-does-a-mid-year-pay-increase-affect-my-high-three\/"},"modified":"2026-08-08T05:08:33","modified_gmt":"2026-08-08T05:08:33","slug":"ask-reg-how-does-a-mid-year-pay-increase-affect-my-high-three","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/federaltimes\/your-career\/2024\/06\/20\/ask-reg-how-does-a-mid-year-pay-increase-affect-my-high-three\/","title":{"rendered":"Ask Reg: How does a mid-year pay increase affect my High Three?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The following is a question submitted by a reader to Federal Times columnist Reg Jones, a charter member of the senior executive service and the resident expert on federal employee retirement issues.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A Fed Times reader asks:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn August of 2023 IHS Pharmacists received a roughly 21% increase in their pay. I am retiring at the end of 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How does this increase impact my high three calculation (last 3 years for me)?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For 2023, does it use what my new base pay was after the increase or 17\/26 x the \u2018old\u2019 base pay + 9\/26 <i>x<\/i> \u2018new\u2019 base pay?\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Reg\u2019s response:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When you retire, the high-3 that\u2019s used in your annuity computation will be the average of your highest three consecutive years (78 bi-weekly pay periods) of basic pay.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><b>Got a question for the Federal Times expert? <\/b>Send inquiries to: <a href=\"mailto:fedexperts@federaltimes.com\">fedexperts@federaltimes.com<\/a><\/h6>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"419\" height=\"600\" src=\"\/wp-content\/uploads\/2026\/08\/635760103079222297-fed-reg-jones-columnjpg.jpg\" alt=\"\" class=\"wp-image-54230\" srcset=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/635760103079222297-fed-reg-jones-columnjpg.jpg 419w, https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/635760103079222297-fed-reg-jones-columnjpg.jpg?resize=210,300 210w\" sizes=\"auto, (max-width: 419px) 100vw, 419px\" \/><figcaption class=\"wp-element-caption\">Federal Times columnist Reg Jones, photographed at his home in Hamilton, Va., on Wednesday, January 29, 2014. (Mike Morones\/Staff)<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>A reader wonders how a salary raise increasing base pay would impact their retirement 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