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New retirement claims decline in August

Although the Office of Personnel Management received fewer new retirement claims last month than during July, it processed fewer than it took in, and its claims backlog ended August slightly higher.

Although the Office of Personnel Management received fewer new retirement claims last month than during July, it processed fewer than it took in, and its claims backlog ended August slightly higher.

OPM received 6,818 new claims last month, and processed 6,046 claims. Those numbers are down from July, when the agency took in 9,238 new claims and processed 7,205.

At the end of August, OPM’s inventory stood at 16,334 claims, up from the 15,562 claims it held at the end of July—but almost identical to the 16,350 claims it held in its inventory at the end of the same month last year.

Of the claims the agency processed last month, 78 percent were processed in 60 days or less, with an average of 42 days for those claims—four days longer than in July. Claims which required more than 60 days to process took an average of 112 days, up from 110 days the prior month.

The new figures came from OPM’s monthly claims processing progress report.

See more at: https://www.opm.gov/about-us/budget-performance/strategic-plans/retirement-processing-status.pdf.

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