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By Reg Jones

Step increase, retirement and high-3

February 14th, 2013 | Uncategorized

Q. In February 2014, I will have 33 years of government service. If I receive a step increase in February 2014 and retire in March 2014, will the step increase be factored into my high-3?

A. Assuming that it is part of your highest three consecutive years of average pay, it will be included in the 78 pay periods used to calculate your high-3.

Tags: annuity computation, high-3, RETIREMENT, step increase

FedLine Home | Permalink | February 14th, 2013

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