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Search Tags: retirement backlog
The Office of Personnel Management received more claims than expected last month, but for the third month in a row processed more claims than it expected to. OPM has also made progress cutting the longstanding backlog of retirement claims. At 44,679 claims, there are now fewer retirement claims stuck in the backlog than there were in December 2011, when OPM began tracking them as part of a new push to eliminate the logjam.
Why is your decision to retire someday, or take a buyout right away, something like the problem Gen. Custer faced during the Battle of the Little Big Horn? Senior Correspondent Mike Causey explains.
If you've retired in the last year, you know all about the long wait to get a full annuity payment. OPM has declared war on the backlog, but how does it win? Some experienced feds suggest you can help your own case, Senior Correspondent Mike Causey says.
For the third straight month, the Office of Personnel Management received fewer federal retirement claims than projected, according to monthly federal retirement data. OPM also met its processing goals for the month and the longstanding backlog of claims has fallen by 21 percent since January.
Federal retirement claims rose last month but, for the second consecutive month, the Office of Personnel Management received fewer claims than it expected. OPM also made its monthly processing goals and continued to make progress cutting back a longstanding backlog of retirement claims.
Host Mike Causey will talk about the top federal stories with Federal Times reporters Stephen Losey and Sean Reilly.
April 25, 2012
An amendment to a Senate bill aiming to restructure the U.S. Postal Service's financial framework would institute new agency reporting requirements for retiring federal workers in anticipation of a "deluge of retirees" from USPS. Sens. Mark Warner (D-Va.) and Barbara Mikulski (D-Md.), introduced an amendment last week that requires the Office of Personnel Management to take new steps to chip away at the longstanding backlog of federal retirement claims.
This year and the next could set a new record for federal retirements. Senior correspondent Mike Causey says that's good news if you are stuck on your agency's promotion ladder, but not so good news if it means finding a cookbook for ways to prepare cat food.
The Office of Personnel Management has consistently made progress processing retirement claims since the start of the calendar year, even as federal employees continue to retire in higher-than-projected numbers. In each of the first three months of the year, OPM surpassed its processing goal, according to OPM data released last week.
Thinking about retiring in the next couple of years? Well, here's something to think about, Senior Correspondent Mike Causey says: How long and how well could you live if your income was cut by more than 60 percent for months at a time?