Tips To Expedite Your FERS Retirement Application Process
As you’re aware, the Office of Personnel Management (OPM) often faces a backlog of retirement applications, which can delay the start of your full pension (annuity) payments. However, the main causes of these delays are usually incomplete or inaccurate applications submitted by FERS participants and waiting until the last minute to file with their agency. Here are some steps you can take to help speed up the processing of your retirement application.
Review Your Official Personnel Folder (OPF/eOPF) for Accuracy
With most agencies now using the electronic OPF (eOPF), you can easily download and save your entire personnel file. To access your eOPF, reach out to your Human Resources (HR) office or your federal agency’s personnel department for guidance. The documents in your eOPF outline your employment history, including grades, pay, and records of participation in FEHB and FEGLI.
Check your SF-50 forms for accuracy well ahead of your planned retirement date so you have time to correct any issues. Surprisingly, missing signatures and misspelled names are common reasons for processing delays. If you spot any errors, contact your agency’s personnel office immediately.
Use the OPM Retirement Quick Guide for Voluntary Retirement
The 3-page Quick Guide provides an overview of the retirement process and answers the most common questions about applying for retirement. It includes a “Tracking Your Retirement” worksheet that allows you to enter your separation date and get an estimated timeline. The timeline breaks down into three stages:
- Agency & Payroll Processing: Approximately 30 to 45 days
- OPM Application Intake: Approximately 10 to 15 days
- OPM Application Processing: Approximately 50 to 90 days
Even if you’re not yet ready to submit your retirement application, the OPM Quick Guide can help you prepare for when you are. Remember, during the processing stage, OPM will calculate your interim annuity payment, which is about 60% to 80% of your finalized net payment for most retirees. To check the status of your interim annuity, log in to OPM Retirement Services Online, and click on “Interim Pay Case Status.”
Submit Your FERS Retirement Application Early
To help expedite the retirement process, it’s advisable to submit your application early. Provide your agency with at least 60 days’ notice before your intended retirement date. By taking these steps to expedite your FERS retirement application, you help ensure a smoother transition to retirement.
