Federal employees wait months for first retirement payments
Updated
Updated · Federal News Network · May 5
Federal employees wait months for first retirement payments
5 articles · Updated · Federal News Network · May 5
Many who retired at the end of the last fiscal year expected a smooth transition but are still awaiting their initial pension checks.
The delays are creating financial stress as retirees juggle savings plans, Thrift Savings Plan withdrawals and Medicare decisions without expected income.
The holdups affect thousands of workers and can disrupt carefully timed retirement plans, turning routine benefit processing into a months-long uncertainty.
After losing a third of its staff, can OPM's new technology fix the crippling retirement payment delays?
Are agency errors and retiree mistakes, not OPM's backlog, the real cause of the federal retirement crisis?