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NW Tennessee News

Saturday, November 16, 2024

Widow and parent beneficiaries in ZIP Code 38321 increase in 2020

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There were 45 total OASDI widow and parent beneficiaries in Tennessee ZIP Code 38321 in 2020, a 12.5 percent increase over 2019, according to the Social Security Administration.

There were 40 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.

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