Qualifying Benefits

 Qualifying For Social Security Benefits

You need 40 credits to qualify or 10 years of work (at four quarters each year)- to qualify for retirement benefits. Through the years, the way you earn credits has changed. In 2014, one credit is recorded for every $1200 you earn during the year.

Once you have 40 credits and qualify for Social Security, the Social Security Administration will calculate your benefits by looking at all the years you have worked and contributed to the Social Security system.

Benefit is based on your Primary insurance amount or (PIA). You also need to know your average indexed monthly earning (AIME) which is based on your lifetime earnings history.

Qualifying Social Security Benefits

YEAR OF BIRTHFRA
1937 or earlier65
193865 and 2 months
193965 and 4 months
1940 65 and 6 months
194165 and 8 months
194265 and 10 months
1943-195466
195566 and 2 months
195666 and 4 months
195766 and 6 months
195866 and 8 months
195966 and 10 months
1960 and later67