Total OASDI retired beneficiaries in Iowa zip 52626 increases in 2018

By Local Labs News Service

Nov 25, 2019

There were 255 total OASDI retired beneficiaries in Iowa zip code 52626 in 2018, a 1600 percent increase over 2017, which had only 15 total retired 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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City of Farmington