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Central Montana Times

Tuesday, December 24, 2024

Total OASDI beneficiaries in Montana zip 59078 decrease in 2018

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There were 55 total OASDI beneficiaries in Montana zip code 59078 in 2018, an 8.3 percent decrease from 2017, which had only 60 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.

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