Quantcast

Corpus Christi Sun

Tuesday, December 3, 2024

Widow and parent beneficiaries in ZIP Code 78412 decrease in 2020

Adobestock 314277037

Adobe Stock

Adobe Stock

There were 425 total OASDI widow and parent beneficiaries in Texas ZIP Code 78412 in 2020, a 2.3 percent decrease from 2019, according to the Social Security Administration.

There were 435 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.

MORE NEWS