Quantcast

Granite State Times

Saturday, November 23, 2024

Total OASDI widow and parent beneficiaries in New Hampshire decreases in 2019

Adobestock 221016184

Adobe Stock

Adobe Stock

There were 14,720 total OASDI widow and parent beneficiaries in New Hampshire in 2019, a 0.2 percent decrease from 2018, which had 14,755 total beneficiaries, according to the official Social Security Administration website.

The Old-Age, Survivors, and Disability Insurance (OASDI) program is a Social Security Administration program 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.

MORE NEWS