Quarter of Coverage


Also found in: Acronyms.

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.) Generally speaking, this requirement is met if the person has worked five years in covered employment or covered self-employment out of the last 10 years before disability.