2024 Quarter Of Coverage Ssa

2024 Quarter Of Coverage Ssa. To be fully insured, a worker must have at least one work credit (quarter of coverage) for each year elapsed after age 21 (but no earlier than 1950) and before the year in which he or she. The cola went into effect january 1.

These were also known as quarters of coverage (qcs). As per the announcement by the ssa in october 2024, starting in 2025, the cola will be set at 2.5% for the following year.