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Northeast South Dakota News

Saturday, November 16, 2024

Watertown ranks fifth in total OASDI beneficiaries in South Dakota in 2018

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There were 12,850 OASDI beneficiaries in Watertown in 2018, ranking it fifth in South Dakota, according to the official Social Security Administration website.

The Old-Age, Survivors, and Disability Insurance (OASDI) 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.

The following table shows cities ranked by number of beneficiaries in South Dakota.

Field Offices Ranking by Number of Beneficiaries in South Dakota (2018)

RankField OfficeNumber of Beneficiaries
1Sioux Falls51,455
2Rapid City49,905
3Huron29,430
4Aberdeen20,300
5Watertown12,850
6Yankton11,090
7Sioux City, IA3,575
8Fergus Falls, MN75
9Marshall, MN55
10North Platte, NE35
11Fargo, ND30
12Bismarck, ND25

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