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Maine Lakes News

Saturday, November 16, 2024

Total OASDI widow and parent beneficiaries in Maine ZIP 04983 increase in 2018

Nowhiring09

There were 30 total OASDI widow and parent beneficiaries in Maine zip code 04983 in 2018, a 20.0 percent increase over 2017, which had 25 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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