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Sunday, October 20, 2019

Total OASDI retired beneficiaries in Michigan zip 48117 increases in 2018


By Local Labs News Service | Oct 10, 2019

There were 1,685 total OASDI retired beneficiaries in Michigan zip code 48117 in 2018, a 4 percent increase over 2017, which had only 1,620 total retired 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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