Old North News

There were 11,645 total OASDI beneficiaries in North Carolina zip code 27406 in 2018, a 1.5 percent increase over 2017, which had only 11,470 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.