Individuals who qualify for Social Security benefits, such as retired workers, disabled individuals, or survivors of deceased workers, may be eligible for a lump sum payment. This payment can be issued if they are owed retroactive benefits for a period prior to their application or if they have reached retirement age and choose to receive their benefits in one lump sum instead of monthly payments. Eligibility requirements and the specific circumstances surrounding the application will determine the amount and availability of the lump sum.
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