Total OASDI beneficiaries in Alaska zip 99671 decrease in 2018

By Local Labs News Service

Jan 12, 2020

There were 65 total OASDI beneficiaries in Alaska zip code 99671 in 2018, a 7.1 percent decrease from 2017, which had only 70 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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