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Search Tags: retirement backlog
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?
Rep. Darrell Issa (R-Calif.), who chairs the House Oversight and Government Reform Committee, said a recent mishap involving the Presidential Management Fellowship not only threatens the program's prestige but could point to larger technology issues within OPM.
Tammy Flanagan, the senior benefits director for the National Institute of Transition Planning, joined In Depth with Francis Rose to discuss how feds should prepare for retirement.
A new letter, signed by Sens. Mark Warner (D-Va.), Barbara Mikulski (D-Md.) and Ben Cardin (D-Md.), calls on the Office of Management and Budget to take on the "urgent matter" of processing federal retirements. The letter comes a week after a Senate subcommittee hearing in which the Office of Personnel Management was taken to task for its handling of the longstanding backlog.