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Monday, April 6, 2020

Total OASDI beneficiaries in Iowa zip 50047 unchanged in 2018

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By Local Labs News Service | Feb 17, 2020

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There were 1,125 total OASDI beneficiaries in Iowa zip code 50047 in 2018, unchanged from 2017, which had same 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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