OPM Catches Up on Federal Retirement ClaimsSeptember 2, 2017 / by Admin(2)
Office of Personnel Management (OPM) is trying hard to clear off the backlog in the federal retirement claims and has done well in the last few months. Though the agency seems to be working hard to reduce the backlog since the results of the hard work put in for CLEARING the retirement benefits of each retired federal employee are not visible at a single glance. One has to dig in deep to notice the positive progress the agency has been making. Have a look at the progress to know that OPM is trying its best here.
The Reason for Considerable Progress of Federal Retirement Claims in May 2017
Office of Personnel Management has succeeded in clearing about 3,000 federal retirement claims in May 2017. This has reduced the overall backlog to 16,140 claims which is also the lowest number to be achieved yet in 2017. It was 18,932 in April 2017 which shows an improvement of about 15 percent. The main reason for this considerable progress seems to be the fact that the numbers of new claims filed were lowest since December 2016.
OPM has succeeded in processing nearly the same amount of claims in May that it did in April this year. But it has improved by 161 claims for a total of 8,340 last month. In May, the reputed agency received only 5,548 new claims which is a drop of more than 1,000.
Year on Year Comparison
When one compared the data of federal retirement claims in May 2017 with May 2016, it can be seen that the agency received 23 percent fewer claims but has succeeded in processing 8.4 percent more this year as compared to the previous year numbers. Despite all of this, the backlog is 13 percent more than it was at in May 2016, i.e., 14,035.
Better Speed of Processing
The agency has improved its speed of processing considerably as well, and it has played a pivotal role in curtailing the backlog. In April 2017, the agency had only managed to process 27 percent of the claims in 60 days or less than that. But in May 2017, this number was 44 percent.
The Main Hitch
Though no one can deny the fact that OPM is showing considerable improvement, the main issue remains the same. The agency has not reached the goal which is a backlog of just 13,000 claims. As per the strategic plan for processing retirement applications, if the staff had just 13,000 claims on hand, it will be able to adjudicate 90 percent of all the claims within just 60 days. But this goal seems too far-fetched given the fact that the last time the backlog was at 13,000 or even less than that, it was about one and a half years ago, in December 2015.
Repeating the Past
The latest numbers shared by OPM regarding the processing of federal retirement claims of federal employee shows a similar pattern that has been seen in the last few years. OPM always sees a sudden increase in retirement benefits claims in January and February as people prefer to retire in these months. This sudden increase boosts the backlog considerably, and while the staff works hard through the year to lower it only to see it spike again in the January of next year.