Quantcast

Grand Canyon Times

Tuesday, December 3, 2024

Total OASDI beneficiaries in Arizona zip 86047 increase in 2018

Applynow05

There were 2,155 total OASDI beneficiaries in Arizona zip code 86047 in 2018, a 2.9 percent increase over 2017, which had only 2,095 total beneficiaries, according to the official Social Security Administration website.

The Old-Age, Survivors, and Disability Insurance (OASDI) program is a program of the Social Security Administration funded primarily through payroll taxes. It was signed into law in 1935 by then-President Franklin D. Roosevelt.

The OASDI program aims to supplement a worker’s lost wages due to retirement, disability or death of a spouse.

MORE NEWS