Old North News

There were 435 total OASDI beneficiaries in North Carolina zip code 27216 in 2018, an 8.4 percent decrease from 2017, which had only 475 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.