High Country Times

Thursday, November 21, 2024

Widow and parent beneficiaries in ZIP Code 28705 decrease in 2020

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By High Country Times

There were 105 total OASDI widow and parent beneficiaries in North Carolina ZIP Code 28705 in 2020, an 8.7 percent decrease from 2019, according to the Social Security Administration.

There were 115 total widow and parent beneficiaries in 2019.

The Old-Age, Survivors, and Disability Insurance (OASDI) program aims to supplement a worker's lost wages due to retirement, disability or death of a spouse.

The Social Security Administration program is funded primarily through payroll taxes. It was signed into law in 1935 by then-President Franklin D. Roosevelt.

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