Total OASDI beneficiaries in Alaska zip 99725 increase in 2018

By Local Labs News Service

Dec 25, 2019

There were 190 total OASDI beneficiaries in Alaska zip code 99725 in 2018, a 11.8 percent increase over 2017, which had only 170 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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