What is the minimum Social Security amount payable?
There is no minimum monthly Social Security benefit, although for administrative reasons, we will not pay a benefit of less than $1.00. However, to receive any amount of Social Security benefits, you must have the minimum amount of work credits. Everyone born in 1929 or later needs 40 credits to be eligible for retirement benefits. Therefore, since you can earn four credits per year, you will need at least 10 years of work to become eligible for retirement benefits.
