Maryland State Wire

Maryland State Wire

Saturday, April 4, 2020

Total OASDI beneficiaries in Maryland zip 20616 increase in 2018

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By Local Labs News Service | Mar 23, 2020

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There were 855 total OASDI beneficiaries in Maryland zip code 20616 in 2018, a 6.9 percent increase over 2017, which had only 800 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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