Social welfare: What happens to state pension payments when a person dies - and who inherits the money What happens to these pension savings if you are unfortunate enough to die before you are able to use them – and who eventually unlocks that money? The video will auto-play soon8Cancel Play now Get the latest news from across Ireland straight to your inbox every single dayInvalid EmailSomething went wrong, please try again later. Sign up! When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice.