Quantcast

Grand Canyon Times

Friday, April 19, 2024

Total OASDI beneficiaries in Arizona zip 85042 increase in 2018

Applynow03

There were 5,680 total OASDI beneficiaries in Arizona zip code 85042 in 2018, a 2 percent increase over 2017, which had only 5,570 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