For the second month in a row, the Office of Personnel Management’s backlog of retirement claims increased in August. The 17,963 claims are an increase of 924 from July’s 17,047, and 4,963 claims higher than the steady state goal of 13,000.
Thomas Brandt, the chief risk officer at the Federal Retirement Thrift Investment Board, said the upcoming Association of Federal Enterprise Risk Management summit and survey will provide the latest snapshot on how agencies are doing in managing and mitigating risks.
For the first time since January, the Office of Personnel Management's backlog of retirement claims increased in July.
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For Thrift Savings Plan investors, 2023, so far, has brought a partial climb back out of the depths of 2022. It's a good time to separate the patient investors over here, and the would-be market-timers over there.
New video tutorials from the Office of Personnel Management lay out, step by step, a couple of key items on the federal retirement to-do list.
The Office of Personnel Management’s retirement claims backlog is the lowest it has been since December 2017.
Mark Borkowski (left), the chief acquisition officer and assistant commissioner of the Customs and Border Protection directorate in the Homeland Security Department, will leaver federal service on June 30.
The Office of Personnel Management's backlog of retirement claims dropped by 2,259 claims in May.
Low-risk investments generally have low returns. By law, the Postal Service must invest retiree assets in U.S. Treasury securities. The Office of Inspector General took a look at how much USPS would have had now, with a stock-and-bond mix.
The Office of Personnel Management took a step to address more immediate concerns from retiring federal employees, ahead of the agency’s long-term efforts to modernize retirement services.
Guy Cavallo, the chief information officer for OPM, said the initial focus of the new retirement services system is on new retirees and starting them off in a digital format.
The Office of Personnel Management processed nearly 2,000 more retirement claims in April than it did in March, bringing its inventory backlog down to 20,384.
Federal retirement tends to stand like a three-legged stool: the FERS annuity, the Thrift Savings Plan and Social Security. But a fourth leg could make for an even sturdier retirement. Good old fashioned Savings Bonds are another instrument federal employees can invest in for their personal savings.