Quantcast

Golden State Today

Saturday, November 23, 2024

Total OASDI beneficiaries in California zip 90660 increase in 2018

Applynow03

There were 10,745 total OASDI beneficiaries in California zip code 90660 in 2018, a 1.7 percent increase over 2017, which had only 10,565 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.

MORE NEWS