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Northeast South Dakota News

Saturday, November 16, 2024

Total OASDI beneficiaries in South Dakota zip 57279 increase in 2018

Nowhiring07

There were 335 total OASDI beneficiaries in South Dakota zip code 57279 in 2018, a 1.5 percent increase over 2017, which had only 330 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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