East Wake Times

East Wake Times

Tuesday, March 31, 2020

Total OASDI retired beneficiaries in North Carolina increases in 2018


By Local Labs News Service | Oct 9, 2019


There were 1,476,848 total OASDI retired beneficiaries in North Carolina in 2018, a 3.4% increase over 2017, which had 1,428,433 total retired 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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