Empire State Today

Monday, November 25, 2024

Total OASDI widow and parent beneficiaries in New York decreases in 2020

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By Empire State Today

There were 203,428 total OASDI widow and parent beneficiaries in New York in 2020, a 2 percent decrease from 2019, according to the official Social Security Administration website.

There were 207,475 total beneficiaries in 2019.

The Old-Age, Survivors, and Disability Insurance (OASDI) program is a Social Security Administration program 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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