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Total OASDI beneficiaries in Michigan zip 49508 unchanged in 2018

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By Local Labs News Service | Feb 14, 2020

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There were 7,655 total OASDI beneficiaries in Michigan zip code 49508 in 2018, unchanged from 2017, which had same 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.

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