South Iowa News

There were 190 total OASDI retired beneficiaries in Iowa zip code 52569 in 2018, an 8.6 percent increase over 2017, which had only 175 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.