OPM: Fewer retirement claims in July but backlog not shrinking anytime soon

For three months, the size of the Office of Personnel Management’s retirement claims backlog has remained fairly stagnant. The latest monthly report from the agency counted 18,334 claims in its inventory for July, compared to 18,198 claims in June and 18,024 claims in May.

Year over year, that backlog continued to be bigger than that of 2017. But OPM received 8,281 retirement claims — 1,789 fewer than in July 2017 — and processed 8,145 claims, or 636 more, than it did a year ago.

Month over month, however, July had fewer new claims and also saw fewer claims processed than in June, according to the report released Tuesday.

After a slight spike in June in the average time needed to process claims, the number of days returned to 57, roughly how long it took in April and May. Year-to-date that average has stayed about the same since February, according to OPM’s numbers.

 

Related Stories

    Amelia Brust/Federal News Radio

    OPM: Retirement claims down, backlog up in May

    Read more

    The path forward for OPM’s proposed retirement changes

    Read more

Comments

THRIFT SAVINGS PLAN TICKER

Jan 18, 2022 Close Change YTD*
L Income 23.2788 -0.0934 5.42%
L 2025 12.0539 -0.0877 9.75%
L 2030 42.6189 -0.4323 12.37%
L 2035 12.8056 -0.1432 13.43%
L 2040 48.4860 -0.591 14.51%
L 2045 13.2846 -0.1739 15.40%
L 2050 29.1182 -0.406 16.34%
L 2055 14.3683 -0.2356 19.90%
L 2060 14.3680 -0.2357 19.90%
L 2065 14.3677 -0.2357 19.90%
G Fund 16.7495 0.003 1.38%
F Fund 20.3968 -0.1256 -1.46%
C Fund 69.1330 -1.2939 28.68%
S Fund 76.7941 -2.2001 12.45%
I Fund 39.0770 -0.3292 11.45%
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.