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Jackson Purchase News

Thursday, November 21, 2024

Total OASDI disabled beneficiaries in Hazard decreases in 2018

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There were 6,460 total OASDI disabled beneficiaries in Hazard in 2018, a 2.5% decrease from 2017, which had 6,625 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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