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Bluegrass Times

Monday, April 6, 2020

Total OASDI beneficiaries in Kentucky zip 42701 increase in 2018


By Local Labs News Service | Mar 19, 2020


There were 10,390 total OASDI beneficiaries in Kentucky zip code 42701 in 2018, a 3.1 percent increase over 2017, which had only 10,080 total 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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