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North Michigan News

Thursday, November 7, 2024

Total OASDI widow and parent beneficiaries in Michigan ZIP 49705 stay unchanged in 2019

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There were 15 total OASDI widow and parent beneficiaries in Michigan zip code 49705 in 2019, the same number as in 2018, 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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