OPM Reduces Retirement Claims Backlog by Almost 16% in May

View this article online at https://www.fedsmith.com/2015/06/05/opm-reduces-retirement-claims-backlog-by-almost-16-in-may/ and visit FedSmith.com to sign up for free news updates
By on June 5, 2015 in Retirement with 0 Comments

The Office of Personnel Management reported that its outstanding backlog of retirement claims was reduced by 15.6% in May.

OPM received 7,845 new claims in May but was able to process 10,697 to bring the total backlog down to 15,374. At the end of April, the backlog stood at 18,226. OPM was able to process almost 24% more claims in May than in April according to the latest figures.

OPM is moving closer in line to its projected inventory of claims with the gains in May. The agency had estimated it would have 12,042, so it’s off of that figure by 3,332, however this is an improvement over last month.

OPM did receive more claims than it had estimated (7,845 vs. the projected 7,100) and also processed more than it projected (it had estimated it would process 9,100 in May).

Despite the improvements, OPM has still lost some ground relative to where it stood a year ago. At the end of last May, the backlog stood at 14,551. A flurry of new claims received in October, January and February in particular have pushed it higher, but if the agency can keep processing over 10k per month more progress should continue to be made.

The latest figures are included below.

Month Projected Claims Received Projected Claims Processed Projected Inventory Claims Received Claims Processed Inventory
Oct-13 8,400 11,500 19,142 7,484 11,027 14,176
Nov-13 8,400 11,500 16,042 5,672 5,714 14,134
Dec-13 8,400 11,500 12,942 4,952 6,449 12,637
Jan-14 19,000 8,700 23,242 17,383 8,724 21,296
Feb-14 9,800 9,400 23,642 12,025 9,767 23,554
Mar-14 6,400 10,400 19,642 6,831 11,812 18,573
Apr-14 6,500 9,300 16,842 8,047 10,002 16,618
May-14 6,800 9,000 14,642 8,431 10,498 14,551
Jun-14 8,000 8,100 14,542 6,627 8,787 12,391
Jul-14 8,000 8,100 14,442 9,101 7,872 13,620
Aug-14 7,400 8,000 13,842 6,795 7,318 13,097
Sep-14 7,300 8,000 13,142 6,350 6,680 12,767
Oct-14 7,800 8,500 12,442 10,155 8,785 14,137
Nov-14 7,600 7,800 12,242 5,746 5,844 14,039
Dec-14 5,600 6,500 11,342 4,077 6,447 11,669
Jan-15 19,000 8,700 21,642 18,629 7,662 22,636
Feb-15 9,700 9,800 21,542 9,219 7,841 24,014
Mar-15 6,400 11,000 16,942 5,478 8,898 20,594
Apr-15 6,700 9,600 14,042 6,292 8,660 18,226
May-15 7,100 9,100 12,042 7,845 10,697 15,374
Jun-15 7,500 8,000 11,542
Jul-15 8,000 8,100 11,442
Aug-15 7,400 7,600 11,242
Sep-15 7,300 7,500 11,042

Want to see more articles like this one? Sign up for FedSmith's free email lists!

© 2019 Ian Smith. All rights reserved. This article may not be reproduced without express written consent from Ian Smith.

Tags:

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.

Top