Quantcast

Palmetto State News

Thursday, November 14, 2024

Total OASDI beneficiaries in South Carolina zip 29021 increase in 2018

Nowhiring05

There were 350 total OASDI beneficiaries in South Carolina zip code 29021 in 2018, a 2.9 percent increase over 2017, which had only 340 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