Total OASDI beneficiaries in Kentucky zip 42503 increase in 2018

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Total OASDI beneficiaries in Kentucky zip 42503 increase in 2018
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Nov 21, 2019
ByLocal Labs News Service
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There were 6,135 total OASDI beneficiaries in Kentucky zip code 42503 in 2018, a 1.4 percent increase over 2017, which had only 6,050 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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