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Search Tags: retirement backlog
Fewer federal employees filed for retirement in December than in any other month in 2012, according to the Office of Personnel Management. Even with the fewer than expected number of claims, however, the agency failed to meet its goal of processing 11,500 claims, instead clocking in just 10,454.
For the fourth straight month, the number of federal employees filing for retirement has outstripped the Office of Personnel Management's expectations, according to new data released by the agency. OPM also beat its projections for processing retirement claims.
OPM made changes to successfully chip away at an ongoing inadequacy, but the progress came after years of complaints from retired federal employees and urgings from lawmakers. Federal News Radio speaks with David Snell, director of retirement services for the National Active and Retired Federal Employees Association as part of the special report, The Obama Impact: Evaluating the Last Four Years.
Senior Correspondent Mike Causey wants to know: Has the long-feared retirement tsunami hit the federal government? And if so, could the so- called brain drain be a career life-saver for tens of thousands of unemployed or under employed millennials?
Federal employees submitted nearly 9,000 retirement claims in August - more than in any other month besides January, which typically sees a wave of feds taking retirement. The Office of Personnel Management received 8,973 retirement claims in August, nearly a thousand more than it projected. The agency processed 11,896 claims, also surpassing its goals.
On the In Depth show blog, you can listen to the interviews, find more information about the guests on the show each day and links to additional resources.
Unless you get a better offer or drop dead before your time odds are you are going to eventually retire from the government...maybe in the same job you have now. But Senior Correspondent Mike Causey asks, how soon should your realistic retirement planning begin.
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.