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Monday, April 6, 2020

Total OASDI disabled beneficiaries in Alpena decreases in 2018

Business

By Metric Media News Service | Mar 23, 2020

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There were 4,450 total OASDI disabled beneficiaries in Alpena in 2018, a 1.2% decrease from 2017, which had 4,505 total disabled 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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