Peach Tree Times

Sunday, October 6, 2024

Total OASDI widow and parent beneficiaries in Georgia decreases in 2020

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By Peach Tree Times

There were 111,918 total OASDI widow and parent beneficiaries in Georgia in 2020, a 1.1 percent decrease from 2019, according to the official Social Security Administration website.

There were 113,210 total beneficiaries in 2019.

The Old-Age, Survivors, and Disability Insurance (OASDI) program is a Social Security Administration program 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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