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Northeast South Dakota News

Friday, November 15, 2024

Total OASDI widow and parent beneficiaries in South Dakota decreases in 2018

Nowhiring08

There were 11,119 total OASDI widow and parent beneficiaries in South Dakota in 2018, a 3.6% decrease from 2017, which had 11,535 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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