What happens to money paid into Soc. Sec. if you die before retiring?

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  • danxp2
    Lv 6
    2 weeks ago
    Best answer

    The money you pay in now is currently going to pay for current retiree benefits or into the fund to pay benefits 5-15 years from now.  

    If you have minor child(ren), a widow(er), or an ex-spouse who was married to you at least 10 years, they can claim benefits against your account.

    If none of those apply the money stays in the trust fund until it is needed to payout benefits for someone else. 

  • B
    Lv 7
    2 weeks ago

    your contributions go into a big pot, and the only benefit your heirs get is a $250 death benefit.

  • Judith
    Lv 7
    2 weeks ago

    It is like all insurance policies (because social security is an insurance program) - it is paid out to people who are or will be receiving monthly social security benefits.  Contributions go into the trust fund and are paid out from the trust fund.  Your contributions are not designated for your benefits; they go into a pot.

    If you were married and/or had children, they could collect off of your account.  Children are entitled to monthly benefits until age 18.  Once age 18 they can collect if they are full-time high school students or severely disabled before age 22.

    Source(s): I was a SS claims rep for 32 yrs.
  • 2 weeks ago

    It is used to pay benefits to those who didn't die. If a person lives long enough, they get more than they paid into social security. The funds are pooled; they collect from everyone, and they pay out to those who live long enough. If you die, then the money that they got from you goes to someone else who didn't die. But if you live long enough, then you get more than you paid in.

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  • ted
    Lv 5
    2 weeks ago

    The money is paid to other people who are eligible for Social Security benefits

  • Anonymous
    2 weeks ago

    It remains in the trust fund to pay other beneficiaries.

  • Anonymous
    2 weeks ago

    It gets paid out to other retirees.

  • Judy
    Lv 7
    2 weeks ago

    SS money is not set aside for a particular person. It goes into one pot, and eligible recipients are paid from there.

  • 2 weeks ago

    If you have a spouse, he or she may be able to collect on it.

    If you have children under 18, they get paid until they are 18 or out of school.

    Otherwise......nothing.....

  • Rick
    Lv 6
    2 weeks ago

    COULD go to your widow ................................

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