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