The number of federal retirement applications stuck in backlog limbo at the end of October dropped to less than 15,000 from more than 40,000 only a year earlier, the Office of Personnel Management said in its monthly progress report.
The number of claims received for the month (7,484) was about 1,000 less than expected while the number processed (11,027) was less than expected by 473. At the end of the month, the backlog stood at 14,176 compared to the office's projection of 19,142.
Until claims are processed, retirees receive only a small portion of the benefits owed them.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
