Q: I know it won’t matter for at least the next several years, but when we receive a pay raise at the beginning of the year, how long do we need to be at the new salary for it to be a part of the computation of our high-3? A: A high-3 is simply the average of the three highest consecutive years of base pay, whenever they occur. Assuming that your most recent 36 months are the basis for your high-3, for every additional month you work at the same or higher pay rate, one month will be dropped from…
Browsing: high-3 years
Q: My “high-3” years are not my last three years. I am thinking of retiring in June, and I have read that your last three consecutive years are your high-3 years. My highest three years, salary-wise, were 2003 to 2005. Will they use those years or my last three? A: An employee’s high-3 is always the highest three consecutive years of average salary, no matter when they occur in a career.