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Northeast Montana News

Sunday, December 22, 2024

Total OASDI widow and parent beneficiaries in Montana ZIP 59263 decrease in 2019

Nowhiring09

There were 35 total OASDI widow and parent beneficiaries in Montana zip code 59263 in 2019, a 12.5 percent decrease from 2018, which had 40 total widow and parent 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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