North Baltimore Journal

North Baltimore Journal

Friday, April 3, 2020

Total OASDI disabled beneficiaries in Cumberland decreases in 2018

Business

By Metric Media News Service | Mar 26, 2020

Applynow03

There were 3,545 total OASDI disabled beneficiaries in Cumberland in 2018, a 1.7% decrease from 2017, which had 3,605 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.

Want to get notified whenever we write about Cumberland ?

Sign-up Next time we write about Cumberland, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Cumberland

More News