OPM’s Retirement Backlog Surges in January

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By on February 5, 2015 in Retirement with 9 Comments

The end of a calendar year is a popular time for federal employees to retire. This past year was no  different as evidenced by the latest retirement data from OPM.

The Office of Personnel Management released its monthly retirement processing status report today, and the figures showed a surge in the backlog of outstanding claims due to an influx of new claims received in January.

The backlog of outstanding claims surged by a whopping 94%, going from 11,669 to 22,636 in January. The increase was due to 18,629 new claims received in January. The number received this January was 7% more than received in January 2014.

Out of the 18,629 claims received, OPM processed 7,662. While this was nowhere near the number actually received, it was 1,215 more than were processed the month before.

The backlog of outstanding claims is now higher than where OPM had projected it to be at the end of January. OPM had projected its inventory to stand at 21,642, so the 22,636 is 4.6% higher than expected.

The complete set of statistics is included below.

Month Projected Inventory Claims Received Claims Processed Inventory % Processed in 60 days or less
Oct-13 19,142 7,484 11,027 14,176 n/a
Nov-13 16,042 5,672 5,714 14,134 n/a
Dec-13 12,942 4,952 6,449 12,637 n/a
Jan-14 23,242 17,383 8,724 21,296 n/a
Feb-14 23,642 12,025 9,767 23,554 n/a
Mar-14 19,642 6,831 11,812 18,573 n/a
Apr-14 16,842 8,047 10,002 16,618 n/a
May-14 14,642 8,431 10,498 14,551 76.6%
Jun-14 14,542 6,627 8,787 12,391 77.3%
Jul-14 14,442 9,101 7,872 13,620 77.9%
Aug-14 13,842 6,795 7,318 13,097 78.5%
Sep-14 13,142 6,350 6,680 12,767 78.8%
Oct-14 12,442 10,155 8,785 14,137 83.2%
Nov-14 12,242 5,746 5,844 14,039 83.4%
Dec-14 11,342 4,077 6,447 11,669 83.7%
Jan-15 21,642 18,629 7,662 22,636 80.2%

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Ian Smith is one of the co-founders of FedSmith.com. He enjoys writing about current topics that affect the federal workforce.

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