NW Minnesota News

There were 55 total OASDI retired beneficiaries in Minnesota zip code 56710 in 2018, an 8.3 percent decrease from 2017, which had 60 total retired 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.