Maryland State Wire

Maryland State Wire

Saturday, April 4, 2020

Total OASDI beneficiaries in Maryland zip 20722 decrease in 2018


By Local Labs News Service | Jan 15, 2020


There were 800 total OASDI beneficiaries in Maryland zip code 20722 in 2018, a 2.4 percent decrease from 2017, which had only 820 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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