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NW Clark News

Thursday, November 21, 2024

Total OASDI widow and parent beneficiaries in Nevada increases in 2018

Nowhiring06

There were 28,647 total OASDI widow and parent beneficiaries in Nevada in 2018, a slight increase over 2017, which had only 28,645 total 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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