Total OASDI beneficiaries in Oregon zip 97220 decrease in 2018

By Local Labs News Service

Jan 1, 2020

There were 5,020 total OASDI beneficiaries in Oregon zip code 97220 in 2018, a 1.2 percent decrease from 2017, which had only 5,080 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 Portland