Old North News

Old North News

Thursday, April 9, 2020

Total OASDI beneficiaries in North Carolina zip 28690 increase in 2018

Business

By Local Labs News Service | Feb 5, 2020

Werehiring03

There were 2,505 total OASDI beneficiaries in North Carolina zip code 28690 in 2018, a 1.4 percent increase over 2017, which had only 2,470 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.

Want to get notified whenever we write about Town of Valdese ?

Sign-up Next time we write about Town of Valdese, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Town of Valdese

More News