Skip to main content
Level 1
June 4, 2019
Question

What does it mean prior year for lump-sum payment

  • June 4, 2019
  • 1 reply
  • 10 views
No text available

1 reply

Level 10
June 4, 2019

lump-sum payment is a one-time Social Security payment that you received for prior-year benefits. For example, when someone is granted disability benefits they'll receive a lump sum to cover the entire time since they first applied for disability. This period could cover months or years.