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Friday, April 3, 2020

Total OASDI beneficiaries in Iowa zip 50243 increase in 2018

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By Local Labs News Service | Feb 12, 2020

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There were 65 total OASDI beneficiaries in Iowa zip code 50243 in 2018, an 8.3 percent increase over 2017, which had only 60 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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