The inventory of unprocessed federal retirement applications at the Office of Personnel Management (OPM) increased by more than 7 percent last month.
The inventory balance climbed from 17,228 in May to 18,501 in June. The agency processed 6,298 retirement claims last month. The amount of new claims received in June increased by 324 from May.
The average time for OPM to process the applications in June was 56 days on average — and was slightly lower than the 59 days a year ago.
The backlog, which has been a challenge for OPM for many years, has historically experienced surges in retirement claims each January and February as many federal employees put in their papers to retire during this season each year. OPM states about 26% of all retirement applications come in the first six weeks of the year.
Below is a the latest chart and table showing the progress for the last year.
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According to OPM, about 14 percent of federal employees are currently eligible to retire. In five years, that figure is expected to jump to 30 percent. OPM’s Retirement Services team gets more than 1.5 million telephone calls plus 280,000 email requests each year.