Total OASDI beneficiaries in Massachusetts zip 01531 increase in 2018

Total OASDI beneficiaries in Massachusetts zip 01531 increase in 2018

Nov 13, 2019

ByLocal Labs News Service

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There were 200 total OASDI beneficiaries in Massachusetts zip code 01531 in 2018, a 5.3 percent increase over 2017, which had only 190 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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