Dictionary of Business Terms: social security credits
social security credits
under Social Security, they determine one's eligibility for Social Security programs. A person earns credits by working in a job covered by Social Security and by paying Social Security taxes. In 2006, one credit was earned for each $970 in Social Security earnings. A maximum of four credits can be earned in a year. Aminimum of 40 credits must be earned to qualify for retirement benefits.
