Total OASDI retired beneficiaries in Michigan zip 48875 increases in 2018

By Local Labs News Service

Oct 29, 2019

There were 1,645 total OASDI retired beneficiaries in Michigan zip code 48875 in 2018, a 2.5 percent increase over 2017, which had only 1,605 total retired 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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City of Portland