Retirement Claims Inventory Unchanged in November

By on December 7, 2014 in Current Events, Retirement with 3 Comments

The Office of Personnel Management has released its latest monthly retirement processing status report. The numbers show that inventory remained relatively unchanged last month despite a sharp drop in the number of claims received over the previous month.

The total number of claims received in November was 5,746 cut almost in half of the 10,155 received in October. However, OPM only processed 5,844 compared to the 8,785 processed the month before which caused the inventory to remain almost completely unchanged (it stood at 14,039 at the end of November and was at 14,137 at the end of October).

According to the latest figures, OPM has fallen behind on its projections for processing the claims. The agency estimated that its inventory would be 12,242 at the end of November 2014 rather than the current figure of 14,039. It also projected it would process 7,800 claims in November, 25% less than it actually did. The number of claims received in November were also 24% less than OPM’s estimates (5,746 vs. 7,600).

The latest retirement processing statistics are included below.

Month Projected Claims Received Projected Claims Processed Projected Inventory Claims Received Claims Processed Inventory % Processed in 60 days or less
Oct-13 8,400 11,500 19,142 7,484 11,027 14,176 n/a
Nov-13 8,400 11,500 16,042 5,672 5,714 14,134 n/a
Dec-13 8,400 11,500 12,942 4,952 6,449 12,637 n/a
Jan-14 19,000 8,700 23,242 17,383 8,724 21,296 n/a
Feb-14 9,800 9,400 23,642 12,025 9,767 23,554 n/a
Mar-14 6,400 10,400 19,642 6,831 11,812 18,573 n/a
Apr-14 6,500 9,300 16,842 8,047 10,002 16,618 n/a
May-14 6,800 9,000 14,642 8,431 10,498 14,551 76.6%
Jun-14 8,000 8,100 14,542 6,627 8,787 12,391 77.3%
Jul-14 8,000 8,100 14,442 9,101 7,872 13,620 77.9%
Aug-14 7,400 8,000 13,842 6,795 7,318 13,097 78.5%
Sep-14 7,300 8,000 13,142 6,350 6,680 12,767 78.8%
Oct-14 7,800 8,500 12,442 10,155 8,785 14,137 83.2%
Nov-14 7,600 7,800 12,242 5,746 5,844 14,039 83.4%
Dec-14 5,600 6,500 11,342 not available not available not available not available
Jan-15 19,000 8,700 21,642 not available not available not available not available
Feb-15 9,700 9,800 21,542 not available not available not available not available
Mar-15 6,400 11,000 16,942 not available not available not available not available
Apr-15 6,700 9,600 14,042 not available not available not available not available
May-15 7,100 9,100 12,042 not available not available not available not available
Jun-15 7,500 8,000 11,542 not available not available not available not available
Jul-15 8,000 8,100 11,442 not available not available not available not available
Aug-15 7,400 7,600 11,242 not available not available not available not available
Sep-15 7,300 7,500 11,042 not available not available not available not available

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About the Author

Ian Smith is one of the co-founders of FedSmith.com. He enjoys writing about current topics that affect the federal workforce. Ian also has a background in web development and does the technical work for the FedSmith.com web site and its sibling sites.

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