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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: kumar who wrote (22325)	12/31/2003 5:26:32 PM
From: Lane3	Read Replies (1) \| Respond to of 793600

That's ten years over your lifetime, not ten contiguous years. That's why they call it "forty quarters" rather than "ten years." I don't understand what is troubling you about the time frame. The point of FICA is to provide a pension. A pension is what you get after a lifetime of employment. Paying off at ten years seems sufficiently generous to me. I don't think people expect pensions after working just a few years. EDIT: You don't have to actually work ten years. To qualify a for a quarter, you only need to earn some minimum during that quarter. Don't know what the minimum is but people could easily work for only a couple of weeks per quarter and earn a full quarter. So, in theory, you could get a payout after working only a total of a few years.