The Office of Personnel Management is expected to release new retirement statements. John Berry, the Director of OPM, said that the glitches in the system that affected as many as 12,000 retirees would be revised by sometime in mid-April.
Currently, with the paper system that is in place it can take anywhere from 5-40 business days to finish an annuity calculation request. OPM is testing a new system that will not have to be done manually.
According to GovExec, Daniel Adcock, the legislative director for the National Active and Retired Federal Employees Association, said, âI think the reason why itâs such a complex problem is that frequently, federal employees may have worked at a bunch of different agencies.â
The total cost of the upgrade to an electronic system could not be predicted, but the system in place is in dire need of revision. It is predicted to take more than a year to be fully functional.