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Maine Highlands News

Wednesday, November 27, 2024

Total OASDI widow and parent beneficiaries in Maine ZIP 04450 increase in 2018

Nowhiring09

There were 25 total OASDI widow and parent beneficiaries in Maine zip code 04450 in 2018, a 25.0 percent increase over 2017, which had 20 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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