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West Cleveland News

Monday, November 18, 2024

Total OASDI widow and parent beneficiaries in Ohio decreases in 2018

Nowhiring07

There were 178,738 total OASDI widow and parent beneficiaries in Ohio in 2018, a 2.6% decrease from 2017, which had 183,442 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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