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dylatess, ATTORNEY
Category: Social Security
Satisfied Customers: 3427
Experience:  37 plus years of SSD practice
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Iil capacity and presently collecting my governmentv AM A 79

Customer Question

iil capacity and presently collecting my governmentv AM A 79 YEAR OLD WIDOW WHO HAS WORKED IN A CIVIL CAPACITY PAID ALL MY QUARTERS ALSO AFTER WORKING FOR THE GOVERMENT FOR 28NYErs in a civilan enployee I now collect my government pension my question is what happens to all that money I paid into my SS over the years?
Submitted: 7 months ago.
Category: Social Security
Expert:  lev-tax replied 7 months ago.
When you and your employer paid social security taxes - the money are going to the Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund.These are NOT your money anymore.The money in these finds are used to pay social security benefits and disability benefits to those eligible.Benefits are calculated based on earnings subject to social security taxes - and there are relatively complicated rules how these benefits are calculated.Questions?

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