Retirees could earn more retroactive lump sum payments for the time they missed out on the benefits.

The Social Security Fairness Act provided more than 2.8 million beneficiaries with higher payments. Here's what to know about reporting that income to the IRS.

Several senators are calling on the Social Security Administration to reconsider what they say is a flaw in the ...

U.S. senators urge SSA to revise retroactive payment policies under the Social Security Fairness Act, opening the road for increased payments to beneficiaries.

You may be able to choose to receive a single lump sum payment representing six months’ worth of Social Security retirement benefits. The lump-sum option is only available to people who have reached ...

If you’ve got a pension plan, such as a 401(k) or an IRA, and you’d like to access the vehicle’s funds, you can typically choose between monthly distributions, a lump sum payment or an annuity. The ...

Monthly pension payments are a fixed dollar amount. They begin at retirement and last until a retiree's death. Some plans offer a survivor's benefit for a living spouse. A lump sum distribution is a ...

A potential lump-sum payment under the Social Security Fairness Act could benefit certain retirees, especially public sector workers, though questions about retroactive eligibility remain under debate ...