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SW Georgia News

Wednesday, October 2, 2024

Total OASDI widow and parent beneficiaries in Georgia decreases in 2018

Nowhiring07

There were 113,444 total OASDI widow and parent beneficiaries in Georgia in 2018, a 0.8% decrease from 2017, which had 114,324 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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