Federal Employees News Digest

OPM retirement claims inventory steady

The Office of Personnel Management’s inventory of retirement claims declined a bit in September, but was generally in line with the agency’s backlog at the same time last year.

OPM counted 15,146 claims in its inventory at the end of last month, about 1,200 fewer than at the end of August. That compares to 14,706 at the end of September 2015.

The agency took a slight bite out its backlog last month, processing more claims than it received. OPM processed 8,134 claims in September, up from 6,046 in August, while taking in 6,946 new claims, slightly more than the 6,300 taken in during the prior month.

Of the claims the agency processed last month, 64 percent were processed in 60 days or less, with an average of 45 days for those claims—three days longer than in August. Claims that required more than 60 days to process took an average of 100 days, down from 112 days the prior month. Year to date, 77 percent of claims have been processed in 60 days or less.

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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Edward A. Zurndorfer Certified Financial Planner
Mike Causey Columnist
Tom Fox VP for Leadership and Innovation, Partnership for Public Service
Mathew B. Tully Legal Analyst

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