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Randolph County News

Wednesday, December 4, 2024

Total OASDI disabled beneficiaries in North Carolina zip 27350 increases in 2019

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There were 275 total OASDI disabled beneficiaries in North Carolina zip code 27350 in 2019, a 1.9 percent increase over 2018, which had 270 total disabled 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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