There were 503,615 total OASDI retired beneficiaries in Iowa in 2021, according to the official Social Security Administration website.
This is a 2.1 percent increase over 2020 which had 493,211 total retired beneficiaries.
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.
