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Nashville Standard

Friday, November 29, 2024

Total OASDI widow and parent beneficiaries in Tennessee decreases in 2018

Werehiring04

There were 94,255 total OASDI widow and parent beneficiaries in Tennessee in 2018, a 1.6% decrease from 2017, which had 95,747 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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