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Magnolia State News

Monday, December 23, 2024

Total OASDI beneficiaries in Mississippi zip 39501 increase in 2018

Nowhiring07

There were 4,455 total OASDI beneficiaries in Mississippi zip code 39501 in 2018, a 1.9 percent increase over 2017, which had only 4,370 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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