The Latest Postal News

Wednesday, April 2, 2008

OPM Issues Report On Its New RetireEZ Program

New Program is permanently transforming retirement process "..."We are pleased to report the majority of cases that processed to date under RetireEZ matched the legacy calculation," said OPM Director Linda M. Springer. "In all Wave 1 cases OPM paid full retirement benefits at the payment commencement date. No longer are retirees under the new system receiving interim payments and waiting for months until their actual payment amounts are calculated. This success is directly attributable to the transformation of millions of paper records to automated data that underlies the modernization. All Wave 1 new retirees are getting better service because of RetireEZ."..."