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East Central Iowa News

Monday, November 18, 2024

Total OASDI widow and parent beneficiaries in Iowa ZIP 50621 decrease in 2018

Nowhiring08

There were 25 total OASDI widow and parent beneficiaries in Iowa zip code 50621 in 2018, a 16.7 percent decrease from 2017, which had 30 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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