Federal Retirement Applications Processing Act of 1988

Federal Retirement Applications Processing Act of 1988 - Requires Federal agencies to ensure that employee personnel files include information of all Federal employment for retirement purposes within 180 days after an employee begins service with an agency.

Requires an agency, if an employee gives at least four months to one year's notice of intent to retire, to: (1) inform such employee of the agency retirement counselor and applicable seminars; and (2) begin processing disability retirement applications not later than 30 days after the date of the application.

Requires the Office of Personnel Management (OPM) to compile quarterly information on the number of retirement applications submitted by agencies and their timeliness and accuracy. Requires agencies that are less than 90 percent timely or more than ten percent inaccurate to prepare corrective action plans to achieve compliance. Directs OPM to report to the Congress annually on such compliance.

Requires the agency retirement counselor to conduct seminars at least twice a year.