In this blog post, we will discuss the minimum Social Security earnings required to qualify for a year of coverage after 1950.
The table provided highlights the earnings thresholds for both special minimum primary insurance amounts and benefit computations described in section 404.213(d) 2.
Key Points:
- Earnings Thresholds: The table lists the minimum Social Security earnings needed to qualify for a year of coverage for each year from 1951 to 1992. The amounts vary based on the contribution and benefit base in effect during those years.
- Contribution and Benefit Base: For 1951-1978, the amounts shown in the table are 25 percent of the contribution and benefit base (which is the same as the annual wage limitation as shown in § 404.1047).
- Changes After 1978: For years after 1978, the amounts are 25 percent of what the contribution and benefit base would have been if the 1977 Social Security Amendments had not been enacted. However, for special minimum benefit purposes, the applicable percentage is 15 percent for years after 1990.
Example: Consider an individual named John, who started working in 1980 and retired in 1991. To determine the minimum Social Security earnings John needed to qualify for a year of coverage during his working years, we will consult the table provided.
From the table, we can see that in 1980, John needed to earn at least $5,100 to qualify for a year of coverage. As he continued working, the required minimum earnings increased over the years. In 1991, when John retired, the minimum earnings required for a year of coverage for benefit computations described in section 404.213(d) 2 were $9,900, while for special minimum primary insurance amount purposes, the required earnings were $5,940.
Conclusion: This blog post provides a comprehensive overview of the minimum Social Security earnings required to qualify for a year of coverage after 1950. The table included in this post outlines the earnings thresholds for both special minimum primary insurance amounts and benefit computations described in section 404.213(d) 2. Understanding these thresholds is essential for individuals looking to qualify for Social Security benefits based on their work history.
https://www.ssa.gov/OP_Home/cfr20/404/404-app-c04.htm
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