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20Jul/101
What is the monthly payout in social security benefits equivalent to 4 social security credits?
Reader question: Since the maximum social security credits one can earn in a year is 4, what is the monthly payout (and duration) in social security benefits for those 4 social security credits?
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July 20th, 2010 - 19:59
The calculations of benefits do not work in the manner you suggest. You earn a maximum of 4 credits per year. The minimum amount to earn a credit for 2010 is $1,120 to earn 1 credit.
Your actual benefit amount is figured from your career earnings.
Social Security employee 20 years.