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Lump-sum payment

Term · Economic statistics · MLC-T-ECS-001110

Amount of benefits paid in one installment.

Note: The participant may opt for a full lump sum, with no further benefits received from the plan. If a plan provides for a partial lump-sum payment, the participant receives a reduced annuity as well.

Table 1. Record
IdentifierMLC-T-ECS-001110
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-001110",
  "term": "Lump-sum payment",
  "field": "Economic statistics",
  "definition": "Amount of benefits paid in one installment.\n\nNote: The participant may opt for a full lump sum, with no further benefits received from the plan. If a plan provides for a partial lump-sum payment, the participant receives a reduced annuity as well.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/lump-sum-payment/"
}

Record 1,092 of 2,141 in Economic statistics terminology (MLC-0116). Request the full dataset.