Retirement claims up in January, but fewer than 2015
- By FederalSoup Staff
- Feb 08, 2016
The Office of Personnel Management retirement claims had nearly 20,000 retirement claims in its inventory at the end of January—typically the peak month for new retirement filings.
Federal employees filed 15,423 new claims last month. While that was about 3,000 claims fewer than the 18,629 claims feds filed in the same month last year, it was the most filed in a single month since then.
OPM processed 7,061 claims last month, and ended January with 19,761 claims in its inventory.
Of the claims the agency processed last month, 80 percent were processed in 60 days or less, with an average of 38 days. Claims which required more than 60 days to process took an average of 94 days.
The claims backlog at the end of the month was similar to that of January 2015, when OPM finished the month with 22,636 claims in its inventory.
The new figures came from OPM’s monthly claims processing progress report.