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OPM Retirement Stockpile Come By Almost 4% In April

Byadmin2

May 5, 2022
opm retirement backlog 2022 04

The OPM retirement stockpile lastly reversed course in April to break a pattern that has actually afflicted it for all of 2022 up until now.

The stockpile dropped 3.9% to end up the month, going from 36,349 at the end of March to 34,939 at the end of April. The drop was an outcome of the Workplace of Worker Management processing the biggest variety of claims to date up until now in 2022 in one month: 11,393. There were likewise just 9,983 brand-new claims that can be found in throughout the month.

April has actually been a great month for OPM in regards to working its method through the stockpile in the last few years. Here is a take a look at how the pattern has actually played out because 2018:

Claims Gotten Claims Processed Overall Stockpile
April 2018 8,390 9,631 17,489
April 2019 6,993 9,392 17,802
April 2020 6,740 8,115 19,889
April 2021 9,414 11,396 25,386
April 2022 9,983 11,393 34,939

Regardless of the development last month, the OPM retirement stockpile is still at the greatest levels it has actually been because 2013.

The average of the stockpile in 2022 up until now is 34,505 which is 30% greater than the exact same period in 2021 (26,545) and 55% greater than the exact same period in 2020 (22,191).

The variety of federal workers retiring over the exact same period is mainly to blame. Up until now in 2022, the typical variety of brand-new regular monthly retirement claims is 11,383. In 2021, it was 10,105, and in 2020, it was 9,928.

Another element is the length of time it takes OPM to process the claims in any provided month. Up until now in 2022, the typical regular monthly processing time has actually been 86 days; in 2021 for the exact same period, it was 76, and in 2020, it was 60 days. The COVID-19 pandemic most likely factored into the boost in the quantity of processing time.

January– April Typical Claims Gotten Typical Claims Processed Typical Stockpile Typical Month-to-month Processing Time in Day
2020 9,928 9,183 22,191 60
2021 10,105 8,681 26,545 76
2022 11,383 9,331 34,505 86

OPM Retirement Processing Status– April 2022

Most current total retirement processing stats on the OPM retirement stockpile

Month Claims Gotten Claims Processed Stock ( Constant state objective is 13,000) Month-to-month Typical Processing Time in Days FYTD Average Processing Time in Days
Oct-20 8,323 6,992 19,605 77 77
Nov-20 5,876 5,459 20,022 74 76
Dec-20 5,135 5,470 19,687 74 75
Jan-21 13,850 6,569 26,968 85 78
Feb-21 7,495 8,003 26,460 77 78
Mar-21 9,664 8,756 27,368 69 76
Apr-21 9,414 11,396 25,386 71 75
May-21 7,684 8,451 24,619 70 74
Jun-21 7,264 6,884 24,999 78 75
Jul-21 8,922 6,920 27,001 91 76
Aug-21 8,976 7,412 28,565 93 78
Sep-21 7,589 7,344 28,810 94 79
Oct-21 8,006 10,711 26,105 95 95
Nov-21 8,266 8,010 26,361 79 88
Dec-21 7,569 7,200 26,730 92 89
Jan-22 13,266 8,689 31,307 94 90
Feb-22 12,241 8,124 35,424 89 90
Mar-22 10,042 9,117 36,349 82 89
* Apr-22 9,983 11,393 34,939 80 87

Special needs decisions are consisted of in the pending number after approval. Typical Processing Time in Days represents the variety of days beginning when OPM gets the retirement application through last adjudication.

* Preliminary retirement cases produced in less than 60 days, usually took 43 days to finish; whereas cases that were produced in more than 60 days, usually, took 108 days to finish.

© 2022 Ian Smith. All rights booked. This post
might not be replicated without reveal composed authorization from Ian Smith.

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