Total OASDI beneficiaries in Oregon zip 97330 increase in 2018

By Local Labs News Service

May 13, 2020

There were 7,210 total OASDI beneficiaries in Oregon zip code 97330 in 2018, a 2.6 percent increase over 2017, which had only 7,025 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.

ORGANIZATIONS IN THIS STORY

City of Corvallis