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Retiree Choice: Lump Sum or Higher Monthly Social Security Benefit.

This bill offers a new option for individuals retiring after 2021. Instead of the standard monthly increase for delaying retirement, they can choose a smaller monthly increase plus a one-time lump sum payment. This aims to provide more flexibility in managing retirement benefits.
Key points
Option to receive a portion of delayed retirement credits as a one-time lump sum payment.
Choosing the lump sum means a lower ongoing monthly increase in Social Security benefits.
Available for individuals becoming eligible for old-age benefits after 2021 who qualify for delayed retirement credits.
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Additional Information
Print number: 117_HR_3889
Sponsor: Rep. Smith, Adrian [R-NE-3]
Process start date: 2021-06-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Providing Choice for Social Security Retirees Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3889.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-15.

What are the main provisions?

Key points include:

  • Option to receive a portion of delayed retirement credits as a one-time lump sum payment.
  • Choosing the lump sum means a lower ongoing monthly increase in Social Security benefits.
  • Available for individuals becoming eligible for old-age benefits after 2021 who qualify for delayed retirement credits.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Smith, Adrian [R-NE-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Social Security.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Benefits