IBX News

There were 590 total OASDI widow and parent beneficiaries in North Carolina ZIP Code 27909 in 2020, a 2.5 percent decrease from 2019, according to the Social Security Administration.

There were 605 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.