Bucshon dictates rules for town hall meetings...

[Daveinth]

So let me get this straight. The money I and when I say I it means money that comes from my weekly check is not meant for my use? What happens to that money if I die before I am able to get a return on these mandatory investments? Your right the money goes back into that same pool for the people who live longer than the government wants you to live. It's the same as your defined benefits retirement if you die before your old enough to benefit then the company you have killed yourself working for keeps it in their own little pool.

 

[sycamorebacker]

So let me get this straight. The money I and when I say I it means money that comes from my weekly check is not meant for my use? What happens to that money if I die before I am able to get a return on these mandatory investments? Your right the money goes back into that same pool for the people who live longer than the government wants you to live. It's the same as your defined benefits retirement if you die before your old enough to benefit then the company you have killed yourself working for keeps it in their own little pool.

Yes, I guess. Pension, life insurance and social security payments are based on actuarial tables that are based on life expectancy. The average is based on some living to 66 and some living to 95. Pensions and social security also have to add in money for disabilities and survivor benefits.

 

[4Q_iu]

So let me get this straight. The money I and when I say I it means money that comes from my weekly check is not meant for my use? What happens to that money if I die before I am able to get a return on these mandatory investments? Your right the money goes back into that same pool for the people who live longer than the government wants you to live. It's the same as your defined benefits retirement if you die before your old enough to benefit then the company you have killed yourself working for keeps it in their own little pool.

It depends... If you pass before you apply for your social security benefits, you are correct in assuming the $$ 'stay in that pool.' Keep in mind, if you have dependent children (under age 18), THEIR "SSA Benefits for Children" come from that pool (pretty sure their $$ are based on your earnings...)

https://www.ssa.gov/pubs/EN-05-10085.pdf

the same is true of spousal benefits

https://www.ssa.gov/people/kids/