May 29th, 2014

What is a Social Security “credit?”

Fred London Law 0 Comments Uncategorized

Answer:
During your working years, earnings covered by Social Security are posted to your record. You earn Social Security credits based on those earnings. The amount of earnings needed for one credit rises as average earnings levels rise. In 2014, you receive one credit for each $1,200 of earnings. You can earn up to a maximum of four credits a year. Most people will need 40 credits (or 10 years of work) to be eligible for retirement benefits. Learn more by reading the online publication How You Earn Credits
at www.socialsecurity.gov/pubs.

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