Why more federal employees and retirees are protecting their retirement savings using this overlooked, IRS-approved program
The backlog of processing retirement applications at the Office of Personnel Management (OPM) has been a challenge for OPM for many years.
OPM’s Retirement Services recently conducted an analysis on the most common errors in submitted retirement applications from federal employees.
Federal employees nearing retirement are encouraged to review the data below in order to lessen the possible delay in receiving their benefits after the application is submitted.
SEE ALSO:
- How to Deal With OPM’s Delay in Retirement Application Processing
- How to Submit a Healthy Federal Retirement Application Package
Below are the errors recorded from Fiscal Year 2019 through July of 2021 (not including any errors found while OPM’s audit was suspended from December 2020 through March 2021). OPM said the results of the analysis show significant increases in the following error types, which amount to more than 1.8% of total errors for each year, for retirement packages received under both FERS and CSRS.
FERS Retirement Application Errors
CSRS Retirement Application Errors
