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Outer Banks Times

Tuesday, November 5, 2024

Widow and parent beneficiaries in ZIP Code 28579 increase in 2020

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There were 10 total OASDI widow and parent beneficiaries in North Carolina ZIP Code 28579 in 2020, a 100 percent increase over 2019, according to the Social Security Administration.

There were five 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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