Quantcast

Great Lakes Wire

Monday, November 4, 2024

Total OASDI beneficiaries in Michigan zip 48112 decrease in 2018

Nowhiring07

There were 240 total OASDI beneficiaries in Michigan zip code 48112 in 2018, a 4 percent decrease from 2017, which had only 250 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