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Wednesday, December 25, 2024

Total OASDI beneficiaries in California zip 93652 decrease in 2018

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There were 105 total OASDI beneficiaries in California zip code 93652 in 2018, an 8.7 percent decrease from 2017, which had only 115 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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