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South Alabama Times

Friday, November 8, 2024

Total OASDI widow and parent beneficiaries in Jackson increases in 2019

Werehiring01

There were 1,380 total OASDI widow and parent beneficiaries in Jackson in 2019, a 0.4 percent increase over 2018, which had 1,375 total widow and parent 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.

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