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SW Tennessee News

Monday, November 4, 2024

Total OASDI retired beneficiaries in Tennessee zip 38379 increases in 2018

Nowhiring07

There were 280 total OASDI retired beneficiaries in Tennessee zip code 38379 in 2018, a 5.7 percent increase over 2017, which had only 265 total retired 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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