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Grand Rapids Reporter

Thursday, November 7, 2024

Total OASDI widow and parent beneficiaries in Michigan decreases in 2018

Werehiring01

There were 141,374 total OASDI widow and parent beneficiaries in Michigan in 2018, a 2.1% decrease from 2017, which had 144,376 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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