As surely as the sun rises and sets, January is the month when most federal employees file for retirement. According to the latest data from the Office of Personnel Management, January 2016 proved true to form, with 15,423 feds filing retirement claims.
With OPM receiving just 4,753 new claims in December, that means 10,000 more feds filed claims in January than they did a month before.
Last month’s high number, though, was significantly less than the 18,629 claims OPM received in January 2015. At that time, OPM’s inventory of unprocessed claims stood at 22,636.
OPM processed 7,061 claims in January, which is more than the 5,916 it processed in December. Still, it ended the month with an inventory of 19,761, which is about 3,000 claims fewer than it had in its inventory a year ago.
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In its year-to-date numbers, OPM reported that it processed 79 percent of its claims in 60 days or less. In January, OPM processed 80 percent of its claims in 60 days or less.
For cases processed under 60 days, OPM said the average number of days it took to process a case was 38. For cases processed over 60 days, the average number of days it took to process a case was 94.
|Dec 02, 2021||Close||Change||YTD*|
Closing price updated at approx 6pm ET each business day. More at tsp.gov
* YTD data is updated on the last day of the month.