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Northeast South Dakota News

Saturday, November 16, 2024

Watertown ranks fifth in South Dakota total retired beneficiaries in 2018

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There were 9,605 OASDI retired 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 Social Security field offices ranked by number of retired workers in South Dakota.

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

RankField OfficeNumber of Retired Workers
1Sioux Falls38,465
2Rapid City37,045
3Huron21,665
4Aberdeen14,965
5Watertown9,605
6Yankton8,190
7Sioux City, IA2,825
8Fergus Falls, MN55
9Marshall, MN45
10North Platte, NE30
11Fargo, ND25
12Bismarck, ND20

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