Quantcast

Rushmore State News

Friday, November 22, 2024

Total OASDI beneficiaries in South Dakota zip 57101 increase in 2018

Applynow04

There were 425 total OASDI beneficiaries in South Dakota zip code 57101 in 2018, a 1.2 percent increase over 2017, which had only 420 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