Quantcast

Great Lakes Wire

Friday, April 26, 2024

Total OASDI beneficiaries in Michigan zip 49083 increase in 2018

Werehiring05

There were 1,790 total OASDI beneficiaries in Michigan zip code 49083 in 2018, a 2.9 percent increase over 2017, which had only 1,740 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