A New Tool for the Annuity Supplement
The author says that OPM should develop software to aid in calculating the FERS annuity supplement.
The author says that OPM should develop software to aid in calculating the FERS annuity supplement.
OPM’s backlog of retirement claims has been on a slow upward trend so far this summer.
OPM’s retirement backlog remained mostly flat in June as it saw a less than 1% increase in the total number of outstanding retirement applications.
How did OPM’s retirement backlog fare in May? Here are the numbers.
OPM made a slight improvement to the outstanding retirement backlog in April to bring the total below 18,000.
After two months of large increases in its retirement backlog, OPM made significant progress in March to reverse the trend.
The surge of new retirees typically seen at the start of a calendar year has pushed OPM’s retirement backlog to levels not seen since 2015.
The annual influx of end of year retirement applications caused OPM’s retirement backlog to surge 41% in January.
OPM made a 25% reduction to its retirement claims backlog in December, just in time to deal with a likely onslaught of new applications.
The backlog of retirement applications at OPM grew in November despite far fewer new applications being received.