Total OASDI retired beneficiaries in North Dakota zip 58562 increases in 2018

By Local Labs News Service

Oct 31, 2019

There were 115 total OASDI retired beneficiaries in North Dakota zip code 58562 in 2018, a 4.5 percent increase over 2017, which had only 110 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.

ORGANIZATIONS IN THIS STORY

City of New Leipzig