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Page 15 · column 2 of 5 · from the scan, no model involved
lviosi employes get credit for a quarter of work if they are paid $50 or more anytime in that quarter for work covered by social security,” she said. “Most self-employed people get social security credit for 4 quarters in any year their annual self-employment net income is $400 or more.”
Today, more than nine out of 10 jobs in paid employment and self-employment are covered or eligible for coverage under social security.
“To be eligible for social security retirement benefits,” Mrs. Crumpton said, “a man needs, at a minimum, quarters of work credit equal to the number of years between 1950 and the year he reaches 65. So, if he reaches 65 in 1972, he needs at least 21 quarters of work credit — or 5-1/4 years.”
A woman who reaches 65 in 1972 is eligible for retirement benefits if she has at least 18 quarters of social security work credit — 4-1/2 years.
“Eligible workers can begin collecting their full social security retirement benefits at 65 or reduced benefits at62. Wives, young
95.6%