Johnston Reporter

Johnston Reporter

Friday, April 10, 2020

Total OASDI disabled beneficiaries in Charlotte decreases in 2018

Business

By Metric Media News Service | Mar 26, 2020

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There were 19,395 total OASDI disabled beneficiaries in Charlotte in 2018, a 2.8% decrease from 2017, which had 19,955 total disabled 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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