Q & A
How do I earn Social Security credits?
Answer: “Social Security credit” (sometimes referred to as a “quarter of coverage”) is the measure of your work under the Social Security program. We use your total covered yearly earnings from both wages and/or net earnings from self-employment to compute Social Security credits. The amount needed for a credit increases automatically each year as average wages increase. For example, in 2014, you earn one credit for each $1,200 of wages or self-employment income. You can receive a maximum of four credits for any year. Generally, you need 40 credits to be eligible for retirement benefits. Learn more by reading our publication, “How You Earn Credits,” available at www.socialsecurity.gov/pubs.
Source: Social Security Administration, via Pantagraph.com – 8-11/2014
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