Quantcast

Grand Canyon Times

Saturday, November 23, 2024

Total OASDI widow and parent beneficiaries in Arizona decreases in 2021

Adobestock 263034311

Adobe Stock

Adobe Stock

There were 78,274 total OASDI widow and parent beneficiaries in Arizona in 2021, a 0.2 percent decrease from 2020, according to the official Social Security Administration website.

There were 78,396 total beneficiaries in 2020.

The Old-Age, Survivors, and Disability Insurance (OASDI) program is a Social Security Administration program 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