Years of coverage (social security)

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Years of Coverage (abbreviated YOCs), for the purposes of the Social Security Administration, are years in which a beneficiary is considered to have contributed a substantial amount into the Social Security Trust Fund[1]. These YOCs are used in the computations in whether or not and how to apply the Windfall Elimination Provision[2]. These amounts are not the same amounts used in similar computations, such as with Quarter Credits.

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[edit] Calculating YOCs

YOCs are calculated in two different manners. Because the amount paid into the Social Security Trust Fund were not separated by year prior to 1951[3], earnings from prior to this year are divided $900.00 with any remainder dropped. The lower of the result of this division and 14 is the number of YOCs a beneficiary is credited for earnings before 1951. Contributions began in 1937[4], there are 14 years between, and including, 1937 and 1950[5].

All years afterwards, in which contributions were separated by year, have specific thresholds which contributions in that year must surpass for a YOC to be credited for that year. A beneficiary may not have more than one YOC for any of these years. The thresholds for years after 1950 are[6][7]:

1951 | $900.00
1952 | $900.00
1953 | $900.00
1954 | $900.00
1955 | $1050.00
1956 | $1050.00
1957 | $1050.00
1958 | $1050.00
1959 | $1200.00
1960 | $1200.00
1961 | $1200.00
1962 | $1200.00
1963 | $1200.00
1964 | $1200.00
1965 | $1200.00
1966 | $1650.00
1967 | $1650.00
1968 | $1950.00
1969 | $1950.00
1970 | $1950.00
1971 | $1950.00
1972 | $2250.00
1973 | $2700.00
1974 | $3300.00
1975 | $3525.00
1976 | $3825.00
1977 | $4125.00
1978 | $4425.00
1979 | $4725.00
1980 | $5100.00
1981 | $5550.00
1982 | $6075.00
1983 | $6675.00
1984 | $7050.00
1985 | $7425.00
1986 | $7875.00
1987 | $8175.00
1988 | $8400.00
1989 | $8925.00
1990 | $9525.00
1991 | $9900.00
1992 | $10,350.00
1993 | $10,725.00
1994 | $11,250.00
1995 | $11,325.00
1996 | $11,625.00
1997 | $12,150.00
1998 | $12,675.00
1999 | $13,425.00
2000 | $14,175.00
2001 | $14,925.00
2002 | $15,750.00
2003 | $16,125.00
2004 | $16,275.00
2005 | $16,725.00
2006 | $17,475.00
2007 | $18,150.00
2008 | $18,975.00

[edit] Notes

  1. ^ POMS RS 00605.360
  2. ^ POMS RS 00605.362
  3. ^ http://www.socialsecurity.gov/history/1950amend.html
  4. ^ SSA Publication No. 21-059 p.4
  5. ^ POMS RS 00605.362
  6. ^ POMS RS 00605.362
  7. ^ http://www.socialsecurity.gov/OACT/COLA/yoc.html

[edit] Sources

Social Security Online. Social Security Administration. www.ssa.gov.

Social Security Program Operations Manual System. Social Security Administration. https://s044a90.ssa.gov/apps10/poms.nsf/partlist!OpenView.

SSA Publication No. 21-059 A Brief History. Social Security Administration. August 2005.

[edit] External links