Quantcast

Jefferson Reporter

Wednesday, January 22, 2025

Widow and parent beneficiaries in ZIP Code 35216 decrease in 2020

Adobestock 290960059

Adobe Stock

Adobe Stock

There were 330 total OASDI widow and parent beneficiaries in Alabama ZIP Code 35216 in 2020, a 5.7 percent decrease from 2019, according to the Social Security Administration.

There were 350 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.