Quarter of Coverage


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Quarter of Coverage

The personal income one must earn in a year to be eligible for one quarter of the Social Security benefits to which one may be entitled. That is, one who earns a quarter of coverage has that year counted as part of his/her working life for calculating benefits after retirement. One cannot earn more than four quarters of coverage per year, regardless of one's income.
References in periodicals archive ?
The amount of earnings needed for one quarter of coverage prior to 2010 and after 1977 is the same as for a nonfarm employee (see D-3).
A farm employee is credited with one quarter of coverage for each $100 in cash wages paid during the year as follows:
A calendar quarter cannot be a quarter of coverage if:
She needs 40 quarters of coverage to be fully insured (1 quarter of coverage for each year between 1966 and 2007).
A quarter any part of which was included in a prior period of disability is not counted as one of the 40 quarters unless it was a quarter of coverage and was either the first or last quarter of the period.