Originally Posted by
sailingfun
You do have to subtract the 15 Jan paycheck. The raise is for 2016 and the 15 Jan check is for work done in Dec 15. For the same reason you won't see the 3% raise for 2017 until the 15 Feb paycheck.
Conversely you need to add in this Dec 15 paycheck to the amount you are getting for retro because it makes the month of November 2016 right at the old rate.
So, to recap, subtract the January 15, 2016 paycheck and add the Dec 15, 2016 paycheck for the most accurate balance to determine retro.
Denny