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Huntsville Leader

Friday, November 15, 2024

Total OASDI widow and parent beneficiaries in Alabama ZIP 35806 increase in 2019

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There were 230 total OASDI widow and parent beneficiaries in Alabama zip code 35806 in 2019, a 9.5 percent increase over 2018, which had 210 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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