Total OASDI retired beneficiaries in South Dakota increases in 2020

Government
Total OASDI retired beneficiaries in South Dakota increases in 2020
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Mar 1, 2022
ByRushmore State News
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There were 141,799 total OASDI retired beneficiaries in South Dakota in 2020, according to the official Social Security Administration website.

This is a 3.1 percent increase over 2019 which had 137,577 total retired beneficiaries.

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.

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