Total OASDI beneficiaries in New Mexico zip 88045 decrease in 2018

By Local Labs News Service

Jan 11, 2020

There were 825 total OASDI beneficiaries in New Mexico zip code 88045 in 2018, a 1.8 percent decrease from 2017, which had only 840 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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City of Lordsburg