High-3

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Q. Most of 2013, I made around $63,000 a year. However, the last three pay periods of 2013 I received a 1 percent raise bringing my salary to $63,630 per year. And it looks like everyone in the government will get another 1 percent raise in February, which will bring my salary to about $64,266 per year. Do those three salaries — $63,000, $63,630 and $64,266 — now become my “high-3 salaries” as I will retire at the end of 2014 and don’t anticipate any more raises before then?

A. A high-3 is based on the average of an employee’s highest three consecutive years (78 pay periods) of basic pay.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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