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Wednesday, December 4, 2024

Widow and parent beneficiaries in ZIP Code 56748 stay unchanged in 2020

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There were five total OASDI widow and parent beneficiaries in Minnesota ZIP Code 56748 in 2020, the same number as in 2019, according to the Social Security Administration.

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.