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Wednesday, February 19, 2020

Total OASDI beneficiaries in Kentucky zip 40847 unchanged in 2018

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By Local Labs News Service | Feb 10, 2020

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There were 115 total OASDI beneficiaries in Kentucky zip code 40847 in 2018, unchanged from 2017, which had same 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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