Quantcast

Empire State Today

Thursday, December 26, 2024

Total OASDI beneficiaries in New York zip 14481 increase in 2018

Werehiring01

There were 455 total OASDI beneficiaries in New York zip code 14481 in 2018, a 4.6 percent increase over 2017, which had only 435 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.