Quantcast

Old North News

Thursday, November 21, 2024

Total OASDI beneficiaries in North Carolina zip 27265 increase in 2018

Nowhiring08

There were 9,355 total OASDI beneficiaries in North Carolina zip code 27265 in 2018, a 2.1 percent increase over 2017, which had only 9,160 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