Total OASDI beneficiaries in New Mexico zip 87499 increase in 2018

By Local Labs News Service

Feb 11, 2020

There were 1,095 total OASDI beneficiaries in New Mexico zip code 87499 in 2018, a 0.46 percent increase over 2017, which had only 1,090 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.

ORGANIZATIONS IN THIS STORY

City of Farmington