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Frequently Asked Questions

Question:
Why can’t we get back some of the money we have paid after we have worked for a period, such as every ten years?

Answer:

There are no provisions for interim refunds. Indeed it is important that the contributions being paid in are not unduly drawn out. This ensures that sufficient monies remain in the fund to pay all future legitimate claims. Remember also that Social Security does not hold individual accounts for every insured person.  All contributions collected are pooled together into one fund from which benefits are paid.  There is no accumulated cash value to any individual, for contributions made.

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