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West Massachusetts News

Wednesday, December 25, 2024

Total OASDI widow and parent beneficiaries in Massachusetts ZIP 01201 decrease in 2019

Nowhiring04

There were 645 total OASDI widow and parent beneficiaries in Massachusetts zip code 01201 in 2019, a 3.7 percent decrease from 2018, which had 670 total widow and parent 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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